Daily Pivots: (S1) 185.98; (P) 186.51; (R1) 187.37; More… Intraday bias in GBP/JPY remains mildly on the upside at this point. Rebound from 184.44 would extend to retest 188.26 high first. Decisive break there will resume larger up trend. On the downside though, below 184.44 support will resume the fall from 188.26 to 183.79 resistance
GBPJPY Outlook
Daily Pivots: (S1) 184.99; (P) 185.55; (R1) 186.62; More… Intraday bias in GBP/JPY is back on the upside with break of 186.77 minor resistance. Retest of 188.26 high should be seen next. Decisive break there will resume larger up trend. On the downside though, below 184.44 support will resume the fall from 188.26 to 183.79
Daily Pivots: (S1) 184.53; (P) 185.66; (R1) 186.68; More… Intraday bias in GBP/JPY is now mildly on the downside as fall from 188.26 is extending. But strong support could be seen from 183.79 to bring rebound. Above 186.77 will bring retest of 188.26 resistance. However, decisive break of 183.79 will bring deeper fall back towards
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
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