Daily Pivots: (S1) 182.62; (P) 182.98; (R1) 183.50; More… GBP/JPY’s fall from 186.75 is in progress and intraday bias stays on the downside. Sustained trading below 55 D EMA (now at 182.49) will argue that it’s already in a larger scale correction and target 176.29 support next. On the upside, break of 184.39 resistance will
GBPJPY Outlook
Daily Pivots: (S1) 182.82; (P) 183.15; (R1) 183.59; More… Further decline is expected in GBP/JPY despite loss of downside momentum. Sustained trading below 55 D EMA (now at 182.49) will argue that it’s already in a larger scale correction and target 176.29 support next. On the upside, break of 184.39 resistance will argue that the
Daily Pivots: (S1) 182.57; (P) 182.96; (R1) 183.20; More… No change in GBP/JPY’s outlook as further fall is in favor with 184.39 resistance intact. Choppy decline from 186.75 is expected to continue. Sustained trading below 55 D EMA (now at 182.46) will argue that it’s already in a larger scale correction and target 176.29 support
Daily Pivots: (S1) 182.60; (P) 183.26; (R1) 183.73; More… With 184.39 resistance holds, GBP/JPY’s choppy decline from 186.75 is extended to continue. Sustained trading below 55 D EMA (now at 182.44) will argue that it’s already in a larger scale correction and target 176.29 support next. On the upside, break of 184.39 resistance will argue
Daily Pivots: (S1) 184.21; (P) 184.64; (R1) 185.44; More… GBP/JPY is extending the consolidation pattern from 186.75 and intraday bias remains neutral. On the upside, above 186.04 will argue that larger up trend is ready to resume through 186.75. On the downside, however, break of 183.51 will bring deeper correction to 55 D EMA (now
Daily Pivots: (S1) 183.55; (P) 184.05; (R1) 184.57; More… Intraday bias in GBP/JPY remains neutral as consolidation continues below 186.75. ON the upside, above 186.04 will argue that larger up trend is ready to resume through 186.75. On the downside, however, break of 183.51 will bring deeper correction to 55 D EMA (now at 181.87).
GBP/JPY stayed in range of 183.35/186.75 last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 183.35 will resume the correction from 186.75, and target 55 D EMA (now at 181.76). Nevertheless, firm break of 186.75 will resume larger up trend. In the bigger picture, up trend