Daily Pivots: (S1) 185.38; (P) 186.32; (R1) 187.31; More… Intraday bias in GBP/JPY stays neutral at this point, and more consolidations would be seen below 188.26. Another rally will remain in favor as long as 183.79 support turned resistance holds. Break of 188.26 will resume larger up trend. In the bigger picture, as long as
GBPJPY Outlook
GBP/JPY’s rally resumed last week and hit as high as 188.26, before retreating. Initial bias is now neutral this week for consolidations first. Another rally will remain in favor as long as 183.79 support turned resistance holds. Break of 188.26 will resume larger up trend. In the bigger picture, as long as 180.74 support holds
Daily Pivots: (S1) 186.64; (P) 187.32; (R1) 187.82; More… Intraday bias in GBP/JPY is now on the downside with break of 55 4H EMA. Deeper decline is underway to 183.79 resistance turned support. Rebound from there would retain near term bullishness for another rise through 188.26 later. However, firm break of 183.79 will indicate that
Daily Pivots: (S1) 187.37; (P) 187.80; (R1) 188.41; More… A temporary top is in place at 188.26 in GBP/JPY and intraday bias is turned neutral for consolidations. Downside should be contained by 55 4H EMA (now at 185.86) to bring rebound. Break of 188.26 will resume larger up trend to 161.8% projection of 178.02 to
Daily Pivots: (S1) 186.54; (P) 187.41; (R1) 188.84; More… GBP/JPY’s rally is in progress and intraday bias stays on the upside. Next target is 161.8% projection of 178.02 to 183.79 from 180.74 at 190.07. On the downside, below 187.26 minor support will turn intraday bias neutral and bring consolidations first, before staging another rise. In
Daily Pivots: (S1) 185.42; (P) 185.87; (R1) 186.75; More… GBP/JPY accelerates to as high as 187.91 so far. The break of 186.75 resistance confirms larger up trend resumption. Intraday bias stays on the upside for 161.8% projection of 178.02 to 183.79 from 180.74 at 190.07. On the downside, below 186.24 minor support will turn intraday
Daily Pivots: (S1) 185.42; (P) 185.87; (R1) 186.75; More… GBP/JPY’s rally resumed by breaking through 185.94 and intraday bias is back on the upside. Decisive break of 186.75 resistance will confirm resumption of larger up trend. Next target will be 161.8% projection of 178.02 to 183.79 from 180.74 at 190.07. On the downside, break of