GBP/JPY - Is breaking the long-term resistance-line

2017年9月12日

GBP/JPY is now breaking the long-term resistance-line near 144.10. A break above this resistance-line confirms continuation higher towards 147.90 and above here confirms a rally to at least 161.03.

2017年9月13日

註釋

WOW! What a ride!

The break above the long-term trend line resistance released a massive amount of energy and a test of the next hurdle near 148.00 should soon be seen. I do expect this resistance to be broken too, but we need a little time before it's cleared.
There is no signs of a top yet, so hang on...

2017年9月14日

註釋

The resistance-line near 148.00 is now being broken too calling for much more upside.

I do expected the rally from 139.28 to take a breather near this resistance-line, but after a few days of consolidation near this resistance-line, the next impulsive rally higher towards 161.00 remains expected.

Hang on an enjoy the ride higher.

2017年9月15日

註釋

No time for a consolidation near 148.00. Still think the strong rally from 141.32 could need a pause and a revisit to the breakout point near 148.00. If seen it's a nice buying opportunity for the next rally higher towards 161.00.

If long already, then hang on to your long position.