Daily Pivots: (S1) 183.29; (P) 183.65; (R1) 184.15; More… Intraday bias in GBP/JPY is turned neutral with current retreat. Break of 182.12 support will turn bias back to the downside for deeper correction. But downside should be contained above 172.30 resistance turned support to bring another rally. On the upside, break of 183.99 will resume
GBPJPY Outlook
Daily Pivots: (S1) 183.32; (P) 183.61; (R1) 183.99; More… Intraday bias in GBP/JPY stays mildly on the upside at this point. Current up trend should target 138.2% projection of 148.93 to 172.11 from 155.33 at 187.36. On the downside, break of 182.12 minor support will turn bias back to the downside for deeper pull back
Daily Pivots: (S1) 180.94; (P) 181.49; (R1) 182.07; More… GBP/JPY is still extending sideway trading and intraday bias remains neutral. On the downside, break of 179.45 will resume the correction from 183.90 to 55 D EMA (now at 178.11) and possibly below. On the upside, firm break of 183.99 high will resume larger up trend
Daily Pivots: (S1) 181.31; (P) 181.66; (R1) 182.16; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the downside, break of 179.45 will resume the correction from 183.90 to 55 D EMA (now at 177.85) and possibly below. On the upside, firm break of 183.99 high will resume larger up trend to
Daily Pivots: (S1) 180.68; (P) 181.52; (R1) 182.26; More… Range trading continues in GBP/JPY and intraday bias stays neutral. On the downside, break of 179.45 will resume the correction from 183.90 to 55 D EMA (now at 177.85) and possibly below. On the upside, firm break of 183.99 high will resume larger up trend to
Daily Pivots: (S1) 180.61; (P) 181.57; (R1) 183.22; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the downside, break of 179.45 will resume the correction from 183.90 to 55 D EMA (now at 177.70). On the upside, firm break of 183.99 high will resume larger up trend to 187.36 projection level.
GBP/JPY stayed in range below 183.99 last week and outlook is unchanged. Initial bias is neutral this week first. On the downside, break of 179.45 will resume the correction from 183.90 to 55 D EMA (now at 177.57). On the upside, firm break of 183.99 high will resume larger up trend to 187.36 projection level.