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GBP/JPY

W1: below MN-r1 (circa 151.516); above up-turned Alligator; AO above zero & growing.
D1: approaching W-s1 (circa 149.89); below contracting Alligator; AO above zero but falling.
My forecast for GBP/JPY on 1st of May, 12:00 GMT: 150.135.
Indicators: Alligator; Awesome oscillator (AO); Pivot point; Narrow range; & vertical line (forecast date).
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edlim 19 May

GBP/JPY, D1: price rebounded upwards from MN-s1 and W-pp (circa 148.150); within Alligator lines; AO below zero but growing.

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GBP/JPY

W1: below contracting Alligator; AO below zero & falling.
D1: staying below MN-pp (circa 149.952); below contracting Alligator; AO above zero & growing.
My forecast for GBP/JPY on 1st of May, 12:00 GMT: 148.24.
Indicators: Alligator; Awesome oscillator (AO); Pivot point; Narrow range; & vertical line (forecast date).
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edlim 22 Abr

GBP/JPY, D1: below W-pp (circa 152.536); within contracting Alligator; AO above zero but falling.

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GBP/JPY

W1: CK- above cloud, TK & KJ; price- below cloud (twisted to red), TK & KJ.
D1: below MN-s1; CK- below cloud, TK & KJ; price- below green cloud, TK & KJ.
I expect price to fluctuate between s1 & s2 before moving towards the forecast rate.
My forecast for GBP/JPY on 2nd of April, 12:00 GMT: 151.465.
Indicators: Ichimoku (Tenkan=TK, Ki-jun=KJ, Chikou=CK, Senkou A/B=Cloud); Pivot point; Narrow range; & vertical line (forecast date).
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edlim 27 Mar

GBP/JPY: below MN-pp (circa 150.035); price below cloud but above TK & KJ; CK below ichimoku.

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GBP/JPY

Tools:
  • Bollinger Bands (20, 2, 2, ema);
  • Trend lines (diagonal support/resistance);
  • Horizontal lines (support/resistance, Fibonacci levels);
  • Price action/pattern analysis; &
  • Vertical line (forecast date).

Perspective:
  • For the contest period, I'm expecting price fluctuation between the 2 horizontal lines (in "1 week" chart).
  • Weekly (left): Price making higher pivot highs.
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edlim 21 Ene

GBP/JPY D1 chart update: Price fluctuating within a minor ascending channel.

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edlim 30 Ene

GBP/JPY D1 chart update: Price staying within a minor ascending channel; crossing below mid-bollinger.

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edlim 21 Feb

GBP/JPY H4 chart update: Price above W1-pp & 23.6% Fibo (circa 150.00); approaching MN-s1 (circa 151.403).

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GBP/JPY

Tools:
  • Bollinger Bands (20, 2, 2, ema);
  • Trend lines (diagonal support/resistance);
  • Horizontal lines (horizontal support/resistance);
  • Price action/pattern analysis; &
  • Vertical line (forecast date).

Perspective:
  • I expect price to fall within the 2 support and resistance lines drawn in "1 week" chart on contest end-time.
  • Weekly (left): Price fluctuating within a higher range from Q4 of 2017.
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edlim 13 Ene

GBP/JPY chart update @ D1: Price forming an "expanding wedge" pattern; expecting price to fluctuate around/near to the dotted, green trend-line for the remaining contest period.

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edlim 17 Ene

GBP/JPY D1 chart update: Price staying within "flat-top triangle" pattern.

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edlim 20 Ene

GBP/JPY D1 chart update: Price seems to find reaction at the upper channel line and closed week within the yellow zone.

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edlim 27 Ene

GBP/JPY H4 chart & related economic calendar update: Price crossed below 61.8% Fibo and broke previous pivot low. I expect price to retrace towards the blue zone where forecast rate lies. As attached - related "medium & high" impact economic events that could affect/assist price sentiment for the remaining contest duration.

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edlim 30 Ene

GBP/JPY H4 chart: Price retraced lower to revisit the 50% Fibo (153.14); broke through 3 pivot lows along the down-move. My forecast on 1st of Febuary, 12:00 GMT for GBP/JPY: 152.76. Note: There'll be 2 data releases relating to GBP for today at 0930 GMT (reference from 27 Jan's update).

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GBPJPY

Tools:
  • Bollinger Bands (20, 2, 2, ema);
  • Trend lines (diagonal support/resistance);
  • Horizontal lines (support/resistance, Fibonacci levels);
  • Price action/pattern analysis; &
  • Vertical line (forecast date).
Perspective:
  • For the contest period, I'm expecting price fluctuation between the 2 horizontal lines (in "1 week" chart).
  • Weekly (left): Price turning from up-swing into ranging phase.
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edlim 18 Nov

Price peaked at ~151.9 before channeling lower; currently below 148.09.

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edlim 29 Nov

GBPJPY chart update.

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GBP/JPY

Tools:
  • Bollinger Bands (20, 2, 2, ema);
  • Trend lines (diagonal support/resistance);
  • Horizontal lines (support/resistance, Fibonacci levels); &
  • Vertical line (forecast date).
Perspective:
  • For the contest period, I'm expecting price fluctuation between the 2 horizontal lines (in "1 week" chart).
  • Weekly (left): Price re-attempting up-move.
  • Daily (right): Price consolidating within a narrow range.
  • My forecast on 1st of December, 12:00 GMT for GBP/JPY: 149.085.
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edlim 20 Nov

GBP/JPY chart update.

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edlim 22 Nov

GBP/JPY found near-term resistance at ~149.35; currently above the upper half of the Bollinger band.

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edlim 23 Nov

GBP/JPY chart update.

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edlim 25 Nov

GBP/JPY making a lower "w" pattern with price crossing above 148.5; currently below 148.70.

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edlim 27 Nov

GBP/JPY chart update.

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GBP/JPY

Tools commonly used:
Bollinger chart indicator (20, 2, 2, ema); trend lines, Fibonacci levels, horizontal lines, poly line, & vertical line (forecast date).
Technical Perspective:
For the contest period, I'm anticipating price to move within the 2 drawn lines (found in the "1 week" chart).
Weekly: Near pivot zone.
Daily: Making higher high.
My expected target on 1st of November, 12:00 GMT for GBP/JPY: 147.63.
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edlim 16 Oct

3) Price re-attempting up-move; currently at ~148.9.

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edlim 19 Oct

4) Reached pivot zone, made higher high; currently at around 149.21.

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edlim 21 Oct

5) Price seems to be channeling upwards; currently at around 149.651.

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edlim 24 Oct

6) Price crossed back below 150 to fill gap on open of week; currently at around 149.69.

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edlim 30 Oct

7) Price recently re-visited 150 before flipping down to cross back below 149.50

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GBP/JPY

Tools commonly used:
Bollinger chart indicator; trend lines, Fibonacci levels, horizontal lines, poly line, & vertical line (forecast date).
Technical Perspective:
Within the 2 charts shows my perspective for this pair.
For the contest period, I'm anticipating price to move within the 2 drawn lines (found in the "1 week" chart).
My expected target on 2nd of October, 12:00 GMT for GBP/JPY: 142.085.
The next chart (below) is for easy reference to latest bid price:
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edlim 17 Ago

1) Price in amplitude expansion phase, at 141.717.

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edlim 26 Ago

2) Price closed week at 140.819; revisited pivot zone of ~141.

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edlim 2 Sep

2) Price closed week at ~142.77; tracking back into pivot zone after rebound from ~140.

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GBP/JPY

Tools commonly used:
Bollinger chart indicator; trend lines, Fibonacci levels, horizontal lines, poly line, & vertical line (forecast date).
Technical Perspective:
Within the 2 charts shows my perspective for this pair.
For the contest period, I'm anticipating price to move within the 2 drawn lines (found in the "1 week" chart).
My expected target on 1st of September, 12:00 GMT for GBP/JPY: 150.994.
The next chart (below) is for easy reference to latest bid price:
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