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GBPJPY is tracing the Elliot wave 3

mrlfx Posted 7 May as Analysis on GBP/JPY, Target: 141.29, Date: 2nd of July, 12:00 GMT  in #Technical analysis #GBP/JPY #Support/resistance #Elliot Waves
GBPJPY is tracing the wave 3 of the 1-2-3-4-5 Impulsive elliot waves. The pair wil fall down to support level of 136.50 to completet the wave 3.
Main Support and Resistant levels are:
156.10
144.50
136.50
128.50
122.35
Day Chart
Week Chart
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mrlfx 21 June

GBPJPY is falling as expected. Maybe it might miss the target but still the bearish bias hold.

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GDP/USD will continue its uptrend

mrlfx Posted 2 Apr.  in #Trader's blog #Support/resistance
GBP/USD will continue its uptrend. The pair is likely rebounding from correction after touching support level of 1.4. The pair will move up towards level of 1.425.
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USDJPY still strong bullish

khalidamassi Posted 26 Oct. as Analysis on USD/JPY, Target: 116.54, Date: 1st of December, 12:00 GMT  in #Technical analysis #USD/JPY #Daily Chart #Support/resistance #Weekly Chart #Pair Review #Expected Scenario
General outlook for the pair:
  • The pair moved in the last weeks between and 107.00 and 114.00.
  • The pair is expected to move in the next month between 111.00 and 119.00 as it faces clusters of daily/weekly tops and bottoms.

Pair recent direction : Up

Expected rate of the pair 1st of December, 12:00 GMT: 116.54
Expected market sentiment: Bullish

Chart of major support (S) and resistance (R):

Weekly chart
Chart of expected scenario:

Daily chart
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khalidamassi 5 Nov.

US data still help USD to advance, PMIS still in multi year highs, jobs still solid, one hike expected at December meeting, Tax reform is expected to push growth up and all of this so supportive.in other hand, BOJ still make constructive amounts of quantitative easing to weaken JPY and to push CPI up.

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khalidamassi 5 Nov.

Pair still around top at 114.00 and still expected to make another leg up towards 116.00-118.00, no sign of fatigue for bulls.

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khalidamassi 12 Nov.

US dollar affected by lower expectation of US Tax reforms which delay cuts to 2019 and lower confidence readings, In other side, JPY still under pressure after encouragement of Abe election which is expected to continue quantitative easing in recent high degree.

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khalidamassi 12 Nov.

Pair in range of 100 pips for 20 days, 113.00-114.00, any clear break above or below will make a direction.

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khalidamassi 20 Nov.

Pair still stuck around daily support at 112.00 not easy to break below.

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EURUSD likely to rebound from correction

mrlfx Posted 2 Oct.  in #Trader's blog #Support/resistance #Elliott Waves
EURUSD has corrected from high of 1.2092 to 1.1717 and is now likely rebounding. The pair is likely to range bound in coming weeks.
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GBPCAD likely to rise further

mrlfx Posted 13 Sep.  in #Trader's blog #Support/resistance #Elliot Waves
GBP/CAD is currently rising and probably could continue to go upwards towards resistant level of 1.6350 to form the wave 2 of the 5 emotive elliot waves.
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EUR/NZD could breakout

mrlfx Posted 7 Sep.  in #Trader's blog #Breakout #Support/resistance #Wave Analysis
EUR/NZD is nearing the resistant level of 1.6670. And once the pair breach this level, it could break out upwards. The pair would test resistant level of 1.6820 after breaking out.
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NZD/CAD is likely to fall

mrlfx Posted 5 Sep. as Analysis on NZD/CAD, Target: 0.8892, Date: 1st of November, 12:00 GMT  in #Technical analysis #NZD/CAD #Support/resistance #Elliot Waves
NZD/CAD is likely to fall towards support level of 0.8610. The pair is likely tracing the wave 5 of the 5 emotive elliot waves.
Major Support and Resistance Level are
0.9725
0.9400
0.9200
0.9010
0.8610
Daily Chart
Weekly Chart
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GBP/USD is likely to fall

mrlfx Posted 4 Sep.  in #Trader's blog #Support/resistance #Elliot Waves #Wedge Pattern
GBP/USD is tracing a rising wedge pattern. The pair if it breaches the lower trendline of the rising wedge will fall towards the support level of 1.2120.
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GBP/USD likely to rise this week

mrlfx Posted 9 July  in #Trader's blog #Support/resistance #Channel Up #Wave Analysis
GBP/USD is currently rising within a UP CHANNEL. Considering the pair will be touching the upper level of the UO CHANNELL for the third time, the pair could break out upside.
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USD/JPY is bearish

mrlfx Posted 14 June as Analysis on USD/JPY, Target: 110.04, Date: 1st of August, 12:00 GMT  in #Technical analysis #Forecast #USD/JPY #Support/resistance #Descending Channel #Elliot Waves
USD/JPY is bearish and moving inside a descending channel. The pair is probably tracing the wave 5 of the 5 emotive elliot waves.
Daily Chart
Weekly Chart
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