Daily Pivots: (S1) 207.68; (P) 208.35; (R1) 208.82; More…

GBP/JPY’s up trend resumed by breaking through 208.92 and intraday bias is back on the upside, next target is 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98. On the downside, below 207.94 support will turn intraday bias and bring consolidations again.

In the bigger picture, up trend from 123.94 (2020 low) is resuming. Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. On the downside, break of 199.04 support is needed to indicate medium term topping. Otherwise, outlook will stay bullish even in case of deep pullback.

Daily Pivots: (S1) 207.40; (P) 207.90; (R1) 208.75; More…

Range trading continues in GBP/JPY below 208.92 and intraday bias stays neutral. Further rally is expected as long as 205.17 support holds. On the upside, break of 208.92 will resume larger up trend and target 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98 next.

In the bigger picture, up trend from 123.94 (2020 low) is resuming. Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. On the downside, break of 199.04 support is needed to indicate medium term topping. Otherwise, outlook will stay bullish even in case of deep pullback.

Daily Pivots: (S1) 206.94; (P) 207.47; (R1) 208.16; More…

GBP/JPY is still extending the consolidations from 208.92 and intraday bias remains neutral. Further rally is expected as long as 205.17 support holds. On the upside, break of 208.92 will resume larger up trend and target 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98 next.

In the bigger picture, up trend from 123.94 (2020 low) is resuming. Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. On the downside, break of 199.04 support is needed to indicate medium term topping. Otherwise, outlook will stay bullish even in case of deep pullback.

Daily Pivots: (S1) 206.97; (P) 207.78; (R1) 208.47; More…

Intraday bias in GBP/JPY remains neutral for consolidations below 208.92. Further rally is expected as long as 205.17 support holds. On the upside, break of 208.92 will resume larger up trend and target 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98 next.

In the bigger picture, up trend from 123.94 (2020 low) is resuming. Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. On the downside, break of 199.04 support is needed to indicate medium term topping. Otherwise, outlook will stay bullish even in case of deep pullback.

Daily Pivots: (S1) 207.91; (P) 208.33; (R1) 208.78 More…

Intraday bias in GBP/JPY stays neutral as more consolidations would be seen below 208.92. Further rally is expected as long as 205.17 support holds. ON the upside, break of 208.92 will resume larger up trend and target 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98 next.

In the bigger picture, up trend from 123.94 (2020 low) is resuming. Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. On the downside, break of 199.04 support is needed to indicate medium term topping. Otherwise, outlook will stay bullish even in case of deep pullback.

GBP/JPY’s up trend resumed last week but lost momentum after hitting 208.92. Initial bias stays neutral this week for some consolidations first. Outlook will remain bullish as long as 205.17 support holds, even in case of deep retreat. Break of 208.92 will target 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98 next.

In the bigger picture, up trend from 123.94 (2020 low) is resuming. Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. On the downside, break of 199.04 support is needed to indicate medium term topping. Otherwise, outlook will stay bullish even in case of deep pullback.

In the long term picture, up trend from 116.83 (2011 low) is resuming. Next target is 251.09 (2007 high). This will remain the favored case as long as 55 M EMA (now at 180.77) holds.

Daily Pivots: (S1) 207.83; (P) 208.32; (R1) 208.73; More…

Intraday bias in GBP/JPY is turned neutral and some consolidations would be seen below 208.92 temporary top. Further rally is expected as long as 205.17 support in case of retreat. On the upside, break of 208.92 will resume larger up trend to 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98.

In the bigger picture, up trend from 123.94 (2020 low) is resuming. Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. On the downside, break of 199.04 support is needed to be the first sign of medium term topping. Otherwise, outlook will stay bullish even in case of deep pullback.

Daily Pivots: (S1) 208.38; (P) 208.64; (R1) 209.04; More…

Intraday bias in GBP/JPY remains mildly on the upside for the moment. Current up trend should target 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98. Outlook will stay bullish as long as 205.17 support holds, in case of retreat.

In the bigger picture, up trend from 123.94 (2020 low) is resuming. Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. On the downside, break of 199.04 support is needed to be the first sign of medium term topping. Otherwise, outlook will stay bullish even in case of deep pullback.

Daily Pivots: (S1) 207.84; (P) 208.39; (R1) 209.20; More…

GBP/JPY’s break of 208.09 high confirms long term up trend resumption. Intraday bias stays on the upside for next near term target at 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98. Outlook will stay bullish as long as 205.17 support holds, in case of retreat.

In the bigger picture, up trend from 123.94 (2020 low) is resuming. Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. On the downside, break of 199.04 support is needed to be the first sign of medium term topping. Otherwise, outlook will stay bullish even in case of deep pullback.

Daily Pivots: (S1) 206.94; (P) 207.37; (R1) 208.16; More…

GBP/JPY’s rally resumed after brief consolidations and it’s now pressing 208.09 high. Intraday bias is back on the upside, and decisive break of 208.09 will confirm larger up trend resumption. Next near term target will be 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98. Outlook will stay bullish as long as 205.17 support holds, in case of retreat.

In the bigger picture, price actions from 208.09 (2024 high) are seen as a corrective pattern which might have completed at 184.35. Firm break of 208.09 high will resume the up trend from 123.94 (2020 low). Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. However, decisive break of 199.04 support will dampen this view and extend the corrective pattern with another fall.

Daily Pivots: (S1) 206.47; (P) 206.89; (R1) 207.58; More…

Intraday bias in GBP/JPY remains neutral for the moment, as range trading continues. Further rise is expected as long as 205.17 support holds. Break of 207.34 will resume the rally from 184.35 and target 208.09 high. However, break of 205.17 support will turn bias to the downside for deeper pullback, possibly to 55 D EMA (now at 203.38) and below.

In the bigger picture, price actions from 208.09 (2024 high) are seen as a corrective pattern which might have completed at 184.35. Firm break of 208.09 high will resume the up trend from 123.94 (2020 low). Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. However, decisive break of 199.04 support will dampen this view and extend the corrective pattern with another fall.

GBP/JPY edged higher to 207.34 but quickly retreated. Initial bias stays neutral this week first, but further rise is expected as long as 205.17 support holds. Break of 207.34 will resume the rally from 184.35 and target 208.09 high. However, break of 205.17 support will turn bias to the downside for deeper pullback, possibly to 55 D EMA (now at 203.25).

In the bigger picture, price actions from 208.09 (2024 high) are seen as a corrective pattern which might have completed at 184.35. Firm break of 208.09 high will resume the up trend from 123.94 (2020 low). Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. However, decisive break of 199.04 support will dampen this view and extend the corrective pattern with another fall.

In the long term picture, there is no sign that the long term up trend from 122.75 (2016 low) has concluded. But firm break of 208.09 is needed to confirm resumption. Otherwise, more medium term range trading could still be seen.

Daily Pivots: (S1) 206.26; (P) 206.81; (R1) 207.27; More…

GBP/JPY retreated after edging higher to 207.34 briefly, and intraday bias is turned neutral gain. Further rise is expected as long as 205.17 support holds. Above 207.34 will resume the rise from 184.35 to retest 208.09 high. However, break of 205.17 support will turn bias to the downside for deeper pullback, possibly to 55 D EMA (now at 203.22).

In the bigger picture, price actions from 208.09 (2024 high) are seen as a corrective pattern which might have completed at 184.35. Firm break of 208.09 high will resume the up trend from 123.94 (2020 low). Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. However, decisive break of 199.04 support will dampen this view and extend the corrective pattern with another fall.

Daily Pivots: (S1) 206.16; (P) 206.75; (R1) 207.86; More…

Intraday bias in GBP/JPY is back on the upside with breach of 207.18. Rise from 184.35 is resuming for retesting 208.09 high. Firm break there will confirm long term up trend resumption. However, break of 205.17 support will turn bias to the downside for deeper pullback, possibly to 55 D EMA (now at 203.12).

In the bigger picture, price actions from 208.09 (2024 high) are seen as a corrective pattern which might have completed at 184.35. Firm break of 208.09 high will resume the up trend from 123.94 (2020 low). Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. However, decisive break of 199.04 support will dampen this view and extend the corrective pattern with another fall.

Daily Pivots: (S1) 205.43; (P) 205.85; (R1) 206.36; More…

GBP/JPY is extending consolidations below 207.18 and intraday bias stays neutral. Further rally is expected as long as 204.26 support holds. Above 207.18 will resume larger rise to retest 208.09 high. Firm break there will confirm long term up trend resumption. However, decisive break of 204.26 will bring deeper pullback to 55 D EMA (now at 202.94).

In the bigger picture, price actions from 208.09 (2024 high) are seen as a corrective pattern which might have completed at 184.35. Firm break of 208.09 high will resume the up trend from 123.94 (2020 low). Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. However, decisive break of 199.04 support will dampen this view and extend the corrective pattern with another fall.

Daily Pivots: (S1) 204.83; (P) 205.80; (R1) 206.40; More…

Intraday bias in GBP/JPY stays neutral and more consolidations could be seen below 207.18. Further rally is expected as long as 204.26 support holds. Above 207.18 will resume larger rise to retest 208.09 high. Firm break there will confirm long term up trend resumption. However, decisive break of 204.26 will bring deeper pullback to 55 D EMA (now at 202.81).

In the bigger picture, price actions from 208.09 (2024 high) are seen as a corrective pattern which might have completed at 184.35. Firm break of 208.09 high will resume the up trend from 123.94 (2020 low). Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. However, decisive break of 199.04 support will dampen this view and extend the corrective pattern with another fall.

Daily Pivots: (S1) 206.13; (P) 206.68; (R1) 207.20; More…

Intraday bias in GBP/JPY is turned neutral first with current steep decline. Further rally is expected as long as 204.26 support holds. Above 207.18 will resume larger rise to retest 208.09 high. Firm break there will confirm long term up trend resumption. However, decisive break of 204.26 will bring deeper pullback to 55 D EMA (now at 202.70).

In the bigger picture, price actions from 208.09 (2024 high) are seen as a corrective pattern which might have completed at 184.35. Firm break of 208.09 high will resume the up trend from 123.94 (2020 low). Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. However, decisive break of 199.04 support will dampen this view and extend the corrective pattern with another fall.

Daily Pivots: (S1) 206.52; (P) 206.86; (R1) 207.28; More…

Intraday bias in GBP/JPY remains on the upside at this point. Current rally from 184.35 should target a retest on 208.09 high. Firm break there will confirm larger up trend resumption. On the downside, below 205.29 minor support will turn bias neutral again.

In the bigger picture, price actions from 208.09 (2024 high) are seen as a corrective pattern which might have completed at 184.35. Firm break of 208.09 high will resume the up trend from 123.94 (2020 low). Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. However, decisive break of 199.04 support will dampen this view and extend the corrective pattern with another fall.

Daily Pivots: (S1) 205.92; (P) 206.56; (R1) 207.85; More…

Intraday bias in GBP/JPY is back on the upside with break of 206.84 temporary top. Current rally from 184.35 should target a retest on 208.09 high. Firm break there will confirm larger up trend resumption. On the downside, below 205.29 minor support will turn bias neutral again.

In the bigger picture, price actions from 208.09 (2024 high) are seen as a corrective pattern which might have completed at 184.35. Firm break of 208.09 high will resume the up trend from 123.94 (2020 low). Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. However, decisive break of 199.04 support will dampen this view and extend the corrective pattern with another fall.

Daily Pivots: (S1) 204.98; (P) 205.49; (R1) 205.98; More…

GBP/JPY is staying in consolidations below 206.84 and intraday bias remains neutral. Deeper retreat cannot be ruled out, but downside be contained by 202.31 support to bring another rise. Break of 206..84 will target 208.09 high. Decisive break there will confirm long term up trend resumption.

In the bigger picture, price actions from 208.09 (2024 high) are seen as a corrective pattern which might have completed at 184.35. Firm break of 208.09 high will resume the up trend from 123.94 (2020 low). Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. However, decisive break of 199.04 support will dampen this view and extend the corrective pattern with another fall.