Daily Forex Update: GBP/JPY

By: Dima Chernovolov GBP/JPY continues to fall inside the uniform hourly 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 (one bar), strong Uniformity (7 bars) and above-average Clarity (6 bars). GBP/JPY […]

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By: Dima Chernovolov GBP/JPY continues to fall inside the Down Channel chart pattern which was previously identified by Autochartist on the hourly charts. Autochartist rates the quality of this Down Channel at the 5 bar level – which reflects the below-average Initial Trend (4 bars) and higher Uniformity and Clarity (rated at the 5 and […]

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Daily Forex Update: GBP/JPY

By: Dima Chernovolov GBP/JPY continues to fall inside the well-formed Falling Wedge chart pattern which was previously identified by Autochartist on the hourly charts. Autochartist measures the Quality of this Falling Wedge at the 5-bar level – which is the result of the slow Initial Trend (2 bars) and significant Uniformity Clarity (both rated at […]

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By: Dima Chernovolov GBP/JPY continues to rise inside the Clear Up Channel chart pattern which was previously identified by Autochartist on the hourly charts. Autochartist measures the Quality of this Up Channel at the 8 bar level – which reflects the sharp Initial Trend (10 bars), above-average Uniformity (6 bars), and substantial Clarity (8 bars). […]

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By: Dima Chernovolov GBP/JPY has been falling sharply in the last few hours inside the 4-hour Up Channel chart pattern which was previously identified by Autochartist.  The overall Quality of this chart pattern is measured by Autochartist at the 5 bar level – which reflects average Initial Trend (5 bars), lower Uniformity (4 bars) and […]

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Daily Forex Update: GBP/JPY

By: Dima Chernovolov As you can see from the following chart – Autochartist recently identified the extended Triangle on the 4-hour GBP/JPY charts. Autochartist measures the Quality of this chart pattern at the 4 bar level – which is the result of the lower Initial Trend and Clarity (rated at the 4 and 1 bar […]

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