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Action Insight: GBPJPY Technical Outlook

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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 31 14 04:17 GMT
GBP/JPY's strong rebound argues that the pull back from 175.36 could have completed at 172.60 already, after drawing support from 55 days EMA. But it's staying below 174.54 minor resistance for the moment. Intraday bias stays neutral first. Break of 174.54 will turn bias back to the upside for 175.36 and break will extend the larger up trend. On the downside, sustained break of 172.36 support will confirm near term reversal and will turn outlook bearish for 170.95 support next.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 30 14 07:33 GMT
GBP/JPY continues to stay in right range above 172.36 support and intraday bias remains neutral for the moment. On the downside, sustained break of 172.36 support will confirm near term reversal and will turn outlook bearish for 170.95 support next. On the upside, break of 174.54 will suggest that the consolidation from 175.36 might have finished and will turn bias back to the upside for 175.36 and above.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 29 14 03:33 GMT
GBP/JPY continues to stay in right range above 172.36 support and intraday bias remains neutral for the moment. On the downside, sustained break of 172.36 support will confirm near term reversal and will turn outlook bearish for 170.95 support next. On the upside, break of 174.54 will suggest that the consolidation from 175.36 might have finished and will turn bias back to the upside for 175.36 and above.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 28 14 08:59 GMT
Intraday bias in GBP/JPY remains neutral for the moment. On the downside, sustained break of 172.36 support will confirm near term reversal and will turn outlook bearish for 170.95 support next. On the upside, break of 174.54 will suggest that the consolidation from 175.36 might have finished and will turn bias back to the upside for 175.36 and above.
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GBP/JPY Weekly Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 26 14 08:41 GMT
GBP/JPY edged lower last week but lost much downside momentum ahead of 172.36 support and turned sideway. Initial bias is neutral this week first. On the downside, sustained break of 172.36 support will confirm near term reversal and will turn outlook bearish for 170.95 support next. On the upside, break of 174.54 will suggests that the consolidation from 175.36 might have finished and will turn bias back to the upside for 175.36 and above.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 25 14 08:19 GMT
At this point, deeper decline is still in favor in GBP/JPY for 172.36 support. Break there will confirm near term reversal and turn outlook bearish for 170.95 support. In that case, we'll pay close attention to the reaction from 169.53 key support level. Meanwhile, above 174.54 will mix up the outlook and turn focus back to 175.36 resistance again.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 24 14 04:06 GMT
At this point, deeper decline is still in favor in GBP/JPY for 172.36 support. Break there will confirm near term reversal and turn outlook bearish for 170.95 support. In that case, we'll pay close attention to the reaction from 169.53 key support level. Meanwhile, above 174.54 will mix up the outlook and turn focus back to 175.36 resistance again.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 23 14 06:23 GMT
At this point, deeper decline is still in favor in GBP/JPY for 172.36 support. Break there will confirm near term reversal and turn outlook bearish for 170.95 support. In that case, we'll pay close attention to the reaction from 169.53 key support level. Meanwhile, above 174.54 will mix up the outlook and turn focus back to 175.36 resistance again.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 22 14 06:35 GMT
At this point, deeper decline is still in favor in GBP/JPY for 172.36 support. Break there will confirm near term reversal and turn outlook bearish for 170.95 support. In that case, we'll pay close attention to the reaction from 169.53 key support level. Meanwhile, above 174.54 will mix up the outlook and turn focus back to 175.36 resistance again.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 21 14 07:59 GMT
Intraday bias in GBP/JPY remains on the downside for 172.36 support first. Break there will confirm near term reversal and turn outlook bearish for 170.95 support. In that case, we'll pay close attention to the reaction from 169.53 key support level. Meanwhile, above 174.54 will mix up the outlook and turn focus back to 175.36 resistance again.
Read more...
 
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