Daily Pivots: (S1) 191.68; (P) 192.24; (R1) 192.84; More.. Intraday bias in GBP/JPY remains neutral as range trading continues. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 189.97 support will indicate that it’s at least correcting the rise from 178.32, and target 38.2%
GBPJPY Outlook
Daily Pivots: (S1) 190.70; (P) 191.71; (R1) 193.01; More.. Range trading continues in GBP/JPY and intraday bias stays neutral for the moment. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 189.97 support will indicate that it’s at least correcting the rise from 178.32
Daily Pivots: (S1) 189.67; (P) 191.07; (R1) 192.15; More.. Intraday bias in GBP/JPY remains neutral for the moment. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 190.02 will indicate that it’s at least correcting the rise from 178.32, and target 38.2% retracement of
GBP/JPY retreated deeply after failing to break through 193.51 resistance, but recovered after breaching 190.02 support. Initial bias remains neutral this week first. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 190.02 will indicate that it’s at least correcting the rise from 178.32
Daily Pivots: (S1) 191.80; (P) 192.19; (R1) 192.81; More….. Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Consolidation from 193.51 is extending but further rally is expected as long as 190.02 support holds. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. On the downside, though
Daily Pivots: (S1) 191.37; (P) 192.16; (R1) 192.85; More….. Intraday bias in GBP/JPY remains neutral at this point. Consolidation from 193.51 is probably extending with another falling leg. But further rally is expected as long as 190.02 support holds. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance.
Daily Pivots: (S1) 191.81; (P) 192.33; (R1) 192.93; More….. Intraday bias in GBP/JPY remains neutral at this point as consolidation from 193.51 could extend. But further rally is expected as long as 190.02 support holds. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. On the downside, though