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MaximeCau replied Sep 30, 2014I'm not sure, what you show is a pennant and if the pattern is completed we will go higher and continue the up trend.
GBP/JPY
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MaximeCau replied Sep 30, 2014This flag will maybe help to reach 96.080 if only the trend line hold on.
AUD/JPY
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MaximeCau replied Sep 29, 2014I don't think so. Volcano eruption was on saturday. We continue in a range.
GBP/JPY
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MaximeCau replied Sep 29, 2014All JPY currency pairs broke out this morning. Had the same reaction as you. Something is happening in Japan but no idea what it is, no news in the economic calendar...
GBP/JPY
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MaximeCau replied Sep 28, 2014As I thought, we were too close to the target and prices broke the trendline. Now we can expect a retracement until 96.080.
AUD/JPY
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MaximeCau replied Sep 28, 2014The correction may end either at 137.850 or ~137.300. Let see how volumes react at these levels. 137.850 will be a strong level imo. 61.8% retracement level.
EUR/JPY
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MaximeCau replied Sep 27, 2014Next week will decide if we enter in a downtrend or if we stay in a consolidation.
GBP/JPY
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MaximeCau replied Sep 27, 2014The downtrend continues... What is interesting to notice is : - prices break a daily resistance ; - come back on it until touching the low which broke the daily resistance ; - and then go back down. That's why 96.080 could be the next key level if ...
AUD/JPY
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MaximeCau replied Sep 25, 2014I think we will have a pull back at 177.600 and then go back down to 176.60 as a first target.
GBP/JPY
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MaximeCau replied Sep 25, 2014my trend line has been broken... I think we have a redistribution right now.... That move is healthy, no sign of strength...
GBP/JPY