Category Archives: GBPJPY Outlook

Daily Pivots: (S1) 141.14; (P) 141.51; (R1) 141.75; More… Intraday bias in GBP/JPY remains on the upside at this point. Rise from 126.54 is still in progress and should target trend line resistance (now at 143.80) next. Sustained break will pave the way to 148.87 key resistance next. On the downside, break of 139.31 support…

Daily Pivots: (S1) 140.42; (P) 140.98; (R1) 141.90; More… GBP/JPY’s recent rally resumes and hits as high as 141.85 so far. Intraday bias is back on the upside. Rise from 126.54 should target trend line resistance (now at 143.80) next. Sustained break will pave the way to 148.87 key resistance next. On the downside, break…

Daily Pivots: (S1) 139.90; (P) 140.40; (R1) 140.81; More… GBP/JPY is staying in consolidation from 141.57 and intraday bias remains neutral first. On the downside, break of 139.36 will indicate short term topping. Deeper fall should then be seen back to 135.74 resistance turned support first. On the upside, break of 141.57 will resume the…

Daily Pivots: (S1) 139.80; (P) 140.36; (R1) 140.75; More… Intraday bias in GBP/JPY stays neutral first. Further rise is in favor with 139.36 support intact. Firm break of 141.50 will resume rise from 126.54 and target trend line resistance (now at 143.88). However, break of 139.36 will turn bias to the downside for deeper pull…

Daily Pivots: (S1) 139.86; (P) 140.25; (R1) 140.88; More… Intraday bias in GBP/JPY remains neutral first. On the downside, break of 139.36 will indicate short term topping. Deeper fall should then be seen back to 135.74 resistance turned support first. On the upside, break of 141.57 will resume the rise from 126.54 to for 148.87…

Daily Pivots: (S1) 139.00; (P) 139.75; (R1) 140.18; More… GBP/JPY recovered after drawing support from 139.36 minor support and intraday bias stays neutral first. On the downside, break of 139.36 will indicate short term topping. Deeper fall should then be seen back to 135.74 resistance turned support first. On the upside, break of 141.57 will…

GBP/JPY edged higher to 141.57 last week but failed to sustain above 141.50 and retreat sharply. Initial focus is on 139.36 minor support. Break there will indicate short term topping. Deeper fall should then be seen back to 135.74 resistance turned support first. On the upside, break of 141.57 will resume the rise from 126.54…

Daily Pivots: (S1) 128.54; (P) 129.34; (R1) 130.47; More… GBP/JPY’s consolidation from 126.54 is still in progress and intraday bias remains neutral first. Break of 130.69 will extend the recovery. But upside should be limited by 38.2% retracement of 148.87 to 126.54 at 135.07 to bring down trend resumption. On the downside, break of 126.54…

Daily Pivots: (S1) 128.83; (P) 129.70; (R1) 130.39; More… Intraday bias in GBP/JPY remains neutral as consolidation from 126.54 looks set to extend further. In case of another rise through 130.69, upside should be limited by 38.2% retracement of 148.87 to 126.54 at 135.07 to bring down trend resumption. On the downside, break of 126.54…

Daily Pivots: (S1) 129.23; (P) 129.97; (R1) 131.17; More… Intraday bias in GBP/JPY remains mildly on the upside. Recovery from 126.54 short term bottom would target 4 hour EMA (now at 133.21). Upside should be limited by 38.2% retracement of 148.87 to 126.54 at 135.07 to bring down trend resumption. On the downside, break of…

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