Daily Pivots: (S1) 182.86 (P) 183.31; (R1) 184.12; More… Intraday bias in GBP/JPY stays on the upside for the moment. Pull back from 186.75 should have completed 178.02 already. Stronger rally would be seen back to 185.67/186.75 resistance zone. However, below 181.53 minor support will mix up the outlook and turn intraday bias neutral first.
GBPJPY Outlook
Daily Pivots: (S1) 181.90 (P) 182.35; (R1) 183.14; More… GBP/JPY’s break of 183.00 resistance suggests that pull back from 186.75 has completed at 178.02 already. Intraday bias is back on the upside. Stronger rally would be seen back to 185.67/186.75 resistance zone. However, below 181.53 minor support will mix up the outlook and turn intraday
Daily Pivots: (S1) 181.90 (P) 182.35; (R1) 183.14; More… Immediate focus is no won 183.00 resistance in GBP/JPY. Firm break there will argue that the pull back from 187.65 has completed, and turn bias back to the upside for retesting this high. On the downside, below 180.26 minor support will turn bias back to the
Daily Pivots: (S1) 181.23; (P) 181.77; (R1) 182.29; More… Range trading continues in GBP/JPY and intraday bias stays neutral. On the upside, firm break of 183.00 will argue that the pull back from 187.65 has completed, and turn bias back to the upside for retesting this high. On the downside, below 180.26 minor support will
Daily Pivots: (S1) 181.36; (P) 182.17; (R1) 183.49; More… Intraday bias in GBP/JPY stays neutral at this point. On the upside, firm break of 183.00 will argue that the pull back from 187.65 has completed, and turn bias back to the upside for retesting this high. On the downside, below 180.26 minor support will turn
GBP/JPY rebounded strongly after initial fall to 178.02, but upside is limited by 183.00 resistance. Initial bias stays neutral this week first. On the upside, firm break of 183.00 will argue that the pull back from 187.65 has completed, and turn bias back to the upside for retesting this high. On the downside, below 180.26
Daily Pivots: (S1) 180.55; (P) 180.81; (R1) 181.34; More… Intraday bias in GBP/JPY stays neutral at this point. Near term outlook stays bearish as long as 183.00 resistance holds. Break of 178.02 will resume the fall from 186.75 to 176.29 support. However, firm break of 183.00 will argue that the pull back has completed, and