Daily Pivots: (S1) 159.91; (P) 161.05; (R1) 162.65; More… Intraday bias in GBP/JPY remains mildly on the upside as rebound from 148.93 extends higher. Further rally should be seen to retest 169.10 high. Strong resistance could be seen there to limit upside, at least on first attempt. On the downside, below 159.41 minor support will
GBPJPY Outlook
GBP/JPY dived to as low as 148.93 last week but rebounded strongly since then. The development suggest that corrective fall from 169.10 has completed after drawing support from 151.84 long term fibonacci level. Initial bias stays on the upside this week for retesting 169.10 high. On the downside, though, break of 155.63 minor support will
Daily Pivots: (S1) 157.21; (P) 158.83; (R1) 162.04; More… GBP/JPY’s rebound form 148.93 extended higher and the break of 160.64 support turned resistance argues that fall form 169.10 is totally completed. Intraday bias is back on the upside for 169.10 next. On the downside, nevertheless, below 155.63 will turn bias back to the downside for
Daily Pivots: (S1) 153.98; (P) 155.53; (R1) 158.50; More… GBP/JPY is staying in consolidation from 148.93 and intraday bias remains neutral. For now, risk will stay on the downside as long as 160.64 support turned resistance holds. Break of 148.93 will resume the decline from 169.10 towards 141.19 fibonacci level. In the bigger picture, rise
Daily Pivots: (S1) 154.26; (P) 155.32; (R1) 156.49; More… Intraday bias in GBP/JPY stays neutral as consolidation from 148.93 is still in progress. For now, risk will stay on the downside as long as 160.64 support turned resistance holds. Break of 148.93 will resume the decline from 169.10 towards 141.19 fibonacci level. In the bigger
Daily Pivots: (S1) 150.00; (P) 153.60; (R1) 158.32; More… Intraday bias in GBP/JPY remains neutral for consolidation above 148.93. For now, risk will stay on the downside as long as 160.64 support turned resistance holds. Break of 148.93 will resume the decline from 169.10 towards 141.19 fibonacci level. In the bigger picture, rise from 123.94
Daily Pivots: (S1) 153.81; (P) 157.13; (R1) 158.80; More… GBP/JPY recovered strongly after diving to 148.93. Intraday bias is turned neutral first. For now, risk will stay on the downside as long as 160.64 support turned resistance holds. Break of 148.93 will resume the decline from 169.10 towards 141.19 fibonacci level. In the bigger picture