GBP/JPY’s up trend continued last week and there is no sign of topping yet. Initial bias remains on the upside this week for 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. Firm break there will target 100% projection at 195.40. On the downside, below 189.83 minor support will turn intraday bias neutral and
GBPJPY Outlook
Daily Pivots: (S1) 190.02; (P) 190.43; (R1) 191.00; More… Intraday bias in GBP/JPY remains on the upside at this point. Current rally is in progress for 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. Firm break there will target 100% projection at 195.40. On the downside, below 189.05 minor support will turn intraday
Daily Pivots: (S1) 189.42; (P) 189.68; (R1) 190.21; More… GBP/JPY’s up trend is trying to resume by breaking through 190.05. Intraday bias is back on the upside for 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. On the downside, below 189.05 minor support will turn intraday bias neutral and bring consolidations again, before
Daily Pivots: (S1) 188.99; (P) 189.36; (R1) 189.70; More… Intraday bias in GBP/JPY remains neutral as consolidations continue below 190.05. Further rally is expected with 187.83 minor support intact. Break of 190.05 will target 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. However, break of 187.83 will turn bias to the downside for
Daily Pivots: (S1) 188.88; (P) 189.17; (R1) 189.44; More… GBP/JPY is still extending range trading below 190.05 and intraday bias remains neutral. Further rally is expected with 187.83 minor support intact. Break of 190.05 will target 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. However, break of 187.83 will turn bias to the
Daily Pivots: (S1) 188.89; (P) 189.21; (R1) 189.59; More… Intraday bias in GBP/JPY remains neutral and some more consolidation could be seen below 190.05. Further rally is expected with 187.83 minor support intact. Break of 190.05 will target 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. However, break of 187.83 will turn bias
GBP/JPY’s up trend resumed and edged higher to 190.05 last week, but then retreated. Initial bias remains neutral this week for more consolidations. Further rally is expected with 187.83 minor support intact. Break of 190.05 will target 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. However, break of 187.83 will turn bias to