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GBPJPY PRICE FORECAST FOR AUGUST 1ST 2014

alifari Posted 30 June as Analysis on GBP/JPY, Target: 171.5000, Date: 1st of August, 12:00 GMT  in #Technical analysis #GBP/JPY #Forecast #Price #Gbpjpy
GBPJPY: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Daily Chart
2) H4 Chart
Price Target 171.50 for 1st August 2014
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alifari 29 July

Update 1: Daily supply zone at 175.00 held and price dropped about 200 pips. Expecting further downside on this pair before end of month and getting close to my target.

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GBPJPY PRICE FORECAST FOR JUNE 2ND 2014

alifari Posted 30 Apr. as Analysis on GBP/JPY, Target: 179.850, Date: 2nd of June, 12:00 GMT  in #Technical analysis #GBP/JPY #Forecast #Support #Resistance #Demand #Supply
GBPJPY: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Bi Weekly Chart
2) 2 Day Chart
Price Target 179.85 for 2nd June 2014
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alifari 11 May

Update 1: Price is currently about 80 pips below Monthly open price, while other major currencies weakened against JPY, British Pound remain resilient, which goes to show the strength of GBP. 171.20 is holding price for now and I am expecting bullish price action on this pair in next few days.

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GBPJPY PRICE FORECAST FOR 1ST APRIL 2014

alifari Posted 28 Feb. as Analysis on GBP/JPY, Target: 168.0000, Date: 1st of April, 12:00 GMT  in #Technical analysis #GBP/JPY #Support #Resistance #Demand #Supply
GBPJPY: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Weekly Chart
2) Daily Chart
Price Target 168.00 for 1st April 2014
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alifari 27 Mar.

Update: As predicted the stacked daily supply zone between 1.7300 and 1.7400 zone pushes price down about 550 pips and price hit my target of 1.6800 on March 14th. Price is currently at 1.7000 level and I am expecting some selling interest at 1.7050 level taking price down once again.

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GBPJPY PRICE FORECAST FOR 3RD MARCH 2014

alifari Posted 31 Jan. as Analysis on GBP/JPY, Target: 172.5000, Date: 3rd of March, 12:00 GMT  in #Technical analysis #GBP/JPY #Support #Resistance #Demand #Supply
GBPJPY: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Daily Chart
2) 4 Hour Chart
Price Target 172.50 for 3rd March 2014
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alifari 24 Feb.

Update 1: At the start of the month we have seen breakout of daily demand zone at 168.00 - 166.50 zone and price dropped all the way down to 163.85 level where we have seen buyers stepping in and taking price up almost 800 pips. Price is currently @ 170.60 and price action suggest bullish movement in next few days. Hence target of 172.50 by end of this week is possible.

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alifari 27 Feb.

Update 2: We have seen some selling in last couple of days, however the whole move was reversed in London session today and price is back above Weekly open of 170.34. The buying strength could take price higher in next few days. Price is currently about 200 pips below my target of 172.50.

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alifari 1 Mar.

Update 3: This whole week we have seen consolidated price action on this pair with both buyers are sellers defending their respective zones. Weekly price closed at 170.35 and the Weekly open price was 170.34 so eventually no price change this week. Price is currently 215 pips below my target of 172.50.

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GBPJPY PRICE FORECAST FOR 2ND JANUARY 2014

alifari Posted 30 Nov. as Analysis on GBP/JPY, Target: 169.0000, Date: 2nd of January, 12:00 GMT  in #Technical analysis #GBP/JPY
GBPJPY: My technical analysis is based on Supply / Demand and Support / Resistance.
1) 2 Days Chart
2) Bi-Weekly Chart
Price Target 169.0000 for 2nd January 2014
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alifari 16 Dec.

Update: Price is ranging between 170.00 and 167.50 since last week so the target of 169.00 is well within reach.

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alifari 22 Dec.

Update 2: After FOMC event we have seen impulsive breakout of previous resistance of 170.00 and price finally found some selling interest at 171.00 level and the move was retraced around 100 pips. 170.00 level is currently holding for now. However, we could see some more down retracement in coming weeks and as such 169.00 level is still on the cards.

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