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GBPJPY plummeted to 131.81. No turbulence in the recent slump. Thus we are left with those orbits which were shown earlier. Kindly note the first reaction when prices reached the important UPO. Having closed lower even once means that through 131.81 the market is bound to cross at least one more ti...

An update of EURJPY UPOs

GBPJPY plummeted to 131.81. No turbulence in the recent slump. Thus we are left with those orbits which were shown earlier. Kindly note the first reaction when prices reached the important UPO. Having closed lower even once means that through 131.81 the market is bound to cross at least one more tim...

EURJPY massive sell off is underway. Again the pair has failed breaking higher.

EURJPY produced an older major UPO at 113.41. We have seen very heavy selling near 113.22. Major support is at 110.86. Since July 7 EURJPY has been producing short UPOs which means that the market is in the waiting for more fundamentals from the eurozone. Almost ideally halfway from the top to the s...

GBPJPY attempted 135.57 several times but finally that UPO turned into a repeller and now we are 300 pips lower. GBPJPY shows two fresh repellers at 134.20 and 133.86 from last Friday. It also painted a 3 semafor so if this is a local low, then some retracement of the downside move should be expecte...

In th e previous post I wrote: In the case of EURUSD it is important to look for very likely targets in the summer and confront it with forecasts based on fundamentals of euro's slump to parity or near parity versus the dollar. EURUSD is now heading higher. In a chaotic system the upper UPOs are att...

The nearest UPO at 1.2761 was the first target for long positions.
We have seen hitting the target today. The first response was profit taking.

An update of GBPJPY UPOs.

One major UPO (and old) @ 136.91.
A new UPO @ 133.32.
Strong support @ 132.45.

Minor UPOs at 134.86 and 134.61.

One major UPO at 135.57 has been reached today.
Kindly note the reaction on touch.