Daily Pivots: (S1) 182.45; (P) 182.73; (R1) 183.09; More… GBP/JPY’s rally is trying to resume and intraday bias is back on the upside. Decisive break of 183.99 will confirm larger up trend resumption. Next target is 61.8% projection of 158.24 to 183.99 from 176.29 at 192.20. For now, near term outlook will stay bullish as
GBPJPY Outlook
Daily Pivots: (S1) 181.81; (P) 182.38; (R1) 183.38; More… Intraday bias in GBP/JPY stays neutral at this point. On the upside, decisive break of 183.99 high will resume larger up trend. Nevertheless, break of 180.41 will turn bias to the downside, to bring another fall to extend the corrective pattern from 183.99. In the bigger
Daily Pivots: (S1) 181.10; (P) 181.64; (R1) 182.70; More… Intraday bias in GBP/JPY is turned neutral with current recovery. On the upside, decisive break of 183.99 high will resume larger up trend. Nevertheless, break of 180.41 will turn bias to the downside, to bring another fall to extend the corrective pattern from 183.99. In the
Daily Pivots: (S1) 180.36; (P) 181.05; (R1) 181.45; More… Intraday bias in GBP/JPY stays mildly on the downside at this point. Fall from 183.23 could be another leg in the corrective pattern from 183.99. Deeper decline would be seen back towards 176.29 support. Nevertheless, on the upside, decisive break of 183.99 will resume larger up
GBP/JPY failed to break through 183.99 resistance last week and reversed after hitting 183.23. Initial bias is mildly on the downside this week, to extend the corrective pattern from 183.99, back towards 176.29 support. On the upside, decisive break of 183.99 will resume larger up trend. In the bigger picture, as long as 172.11 resistance
Daily Pivots: (S1) 180.15; (P) 181.45; (R1) 182.44; More… Intraday bias in GBP/JPY stays neutral first. Firm break of 180.85 will extend the corrective pattern from 183.99 with another falling leg. Intraday bias will be turned to the downside for 176.22 support. On the upside, decisive break of 183.99 will resume larger up trend. In
Daily Pivots: (S1) 181.54; (P) 182.40; (R1) 183.03; More… Intraday bias in GBP/JPY remains neutral at this point, but outlook is unchanged. Corrective pattern from 183.99 should have completed with three waves down to 176.29. Above 183.23 will target 183.99 resistance first. Decisive break there will resume larger up trend. However, break of 180.85 will