By: Dima Chernovolov GBP/JPY continues to rise in the direction of the key 4-hour Resistance Level 130.50 which was identified previously by Autochartist. Autochartist rates the Significance of this Resistance Level at the 4-bar level – which reflects four earlier price reversals for this price level. GBP/JPY is expected to rise further toward the Resistance […]

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By: Dima Chernovolov GBP/JPY continues to fall inside the daily Falling Wedge chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Falling Wedge at the 5-bar level – which is the result of the slow Initial Trend (2 bars), above-average Uniformity (6 bars) and strong Clarity (8 bars). GBP/JPY is […]

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By: Dima Chernovolov GBP/JPY continues to fall inside the 4-hour Falling Wedge chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Falling Wedge at the 5-bar level – which is the result of the below-average Initial Trend (4 bars), higher Uniformity and Clarity (6 bars) GBP/JPY is expected to fall […]

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By: Dima Chernovolov GBP/JPY continues to fall inside the clear hourly Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel at the strong 8-bar level – which is the result of the sharp Initial Trend (10 bars), medium Uniformity (5 bars) and higher Clarity (8 bars). […]

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By: Dima Chernovolov GBP/JPY continues to fall after the earlier breakout of the daily Triangle chart pattern which was previously identified by Autochartist. Autochartist measures the quality of this Triangle at the 6-bar level – which is the result of the strong Initial Trend (7 bars), medium Uniformity (5 bars) and lower Clarity (1 bar). […]

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By: Dima Chernovolov GBP/JPY continues to fall sharply after the earlier breakout of the daily Descending Triangle chart pattern which was recently identified by Autochartist. Autochartist rates the quality of daily this Descending Triangle at the 5-bar level – which is the result of the medium Initial Trend (5 bars), higher Uniformity (7 bars) and […]

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By: Dima Chernovolov GBP/JPY continues to fall inside the hourly Down Channel chart pattern which was recently identified by Autochartist. Autochartist rates the quality of this Down Channel at the 3-bar level – which reflects the slow Initial Trend (1 bar), below-average Uniformity (4 bars) and medium Clarity (5 bars). GBP/JPY is expected to fall […]

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By: Dima Chernovolov GBP/JPY continues to rise inside the clear hourly Up Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Up Channel at the 3-bar level – which is the result of the slow Initial Trend (one bar), below-average Uniformity (4 bars) and medium Clarity (5 bars). GBP/JPY […]

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Daily Forex Update: GBP/JPY

By: Dima Chernovolov GBP/JPY continues to rise inside the uniform Up Channel chart pattern which was previously identified by Autochartist on the hourly charts. Autochartist rates the quality of this Up Channel at the 4-bar level – which is the result of the slow Initial Trend (one bar), strong Uniformity (8 bars) and average Clarity […]

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By: Dima Chernovolov GBP/JPY continues to fall inside 4-hour Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel at the 4-bar level – which is the result of the slow Initial Trend (2 bars), low Uniformity (3 bars) and above-average Clarity (6 bars). GBP/JPY is expected […]

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