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Action Insight: GBPJPY Technical Outlook

Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.



GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Oct 31 14 09:52 GMT
GBP/JPY's strong rise today suggests that fall from 180.70 has completed already. Intraday bias is back on the upside for retesting 180.70 first. Break will resume larger up trend. On the downside, below 174.63 minor support will turn bias back to the downside for retesting 168.01 instead.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Oct 30 14 05:20 GMT
The recovery from 168.01 extended higher and could continue. But again, near term outlook stays cautiously bearish as long as 175.00 resistance holds and we'd expect further fall ahead. Prior break of 169.34 support was taken as an indication of medium term topping at 180.70. Below 171.06 minor support will turn bias back to the downside for 168.01 first. Break will target 163.87 support next. Nonetheless, break of 175.00 will dampen this bearish view and target a test on 180.70 high instead.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Oct 29 14 02:46 GMT
The recovery from 168.01 extended higher and could continue. But again, near term outlook stays cautiously bearish as long as 175.00 resistance holds and we'd expect further fall ahead. Prior break of 169.34 support was taken as an indication of medium term topping at 180.70. Below 171.06 minor support will turn bias back to the downside for 168.01 first. Break will target 163.87 support next. Nonetheless, break of 175.00 will dampen this bearish view and target a test on 180.70 high instead.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Oct 28 14 03:31 GMT
The corrective recovery from 168.01 might extend higher. But near term outlook stays cautiously bearish as long as 175.00 resistance holds and we'd expect further fall ahead. Prior break of 169.34 support was taken as an indication of medium term topping at 180.70. Below 171.06 minor support will turn bias back to the downside for 168.01 first. Break will target 163.87 support next. Nonetheless, break of 175.00 will dampen this bearish view and turn focus back to 180.70 high instead.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Oct 27 14 02:28 GMT
The corrective recovery from 168.01 might extend higher. But But near term outlook stay cautiously bearish as long as 175.00 resistance holds and we'd expect further fall ahead. Prior break of 169.34 support was taken as an indication of medium term topping at 180.70. Below 171.06 minor support will turn bias back to the downside for 168.01 first. Break will target 163.87 support next. Nonetheless, break of 175.00 will dampen this bearish view and turn focus back to 180.70 high instead.
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GBP/JPY Weekly Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Oct 25 14 11:40 GMT
GBP/JPY's corrective recovery from 168.01 extended higher last week but outlook is so far unchanged. Initial bias remains neutral this week and some more consolidations could be seen. But near term outlook stay cautiously bearish as long as 175.00 resistance holds and we'd expect further fall ahead. Prior break of 169.34 support was taken as an indication of medium term topping at 180.70. Break of 168.01 will target 163.87 support next. Nonetheless, break of 175.00 will dampen this bearish view and turn focus back to 180.70 high instead.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Oct 24 14 08:23 GMT
Intraday bias in GBP/JPY remains neutral for the moment. Prior break of 169.34 was taken as an indication of medium term topping at 180.70. Further fall is expected as long as 175.00 resistance holds. Below 168.01 will target 163.87 support next. Nonetheless, break of 175.00 will turn focus back to 180.70 high instead.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Oct 23 14 09:52 GMT
Intraday bias in GBP/JPY remains neutral for the moment. Prior break of 169.34 was taken as an indication of medium term topping at 180.70. Further fall is expected as long as 175.00 resistance holds. Below 168.01 will target 163.87 support next. Nonetheless, break of 175.00 will turn focus back to 180.70 high instead.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Oct 22 14 07:29 GMT
Intraday bias in GBP/JPY remains neutral for the moment. Prior break of 169.34 was taken as an indication of medium term topping at 180.70. Further fall is expected as long as 175.00 resistance holds. Below 168.01 will target 163.87 support next. Nonetheless, break of 175.00 will turn focus back to 180.70 high instead.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Oct 21 14 07:54 GMT
Intraday bias in GBP/JPY remains neutral for the moment. Prior break of 169.34 was taken as an indication of medium term topping at 180.70. Further fall is expected as long as 175.00 resistance holds. Below 168.01 will target 163.87 support next. Nonetheless, break of 175.00 will turn focus back to 180.70 high instead.
Read more...
 
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