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Action Insight: GBPJPY Technical Outlook

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GBP/JPY Weekly Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 28 16 10:16 GMT
GBP/JPY's rebound was limited below 162.80 last week and lost momentum. Initial bias is neutral this week first with focus on 162.80. Sustained break of 162.80 will be the first sign of trend reversal. Further break of 164.09 should indicate that whole fall from 195.86 has completed. Nonetheless, rejection from 162.80 will indicate that down trend is still in progress. Below 158.03 minor support will turn bias to the downside for 151.64/153.64 support zone first.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 26 16 09:47 GMT
With 162.80 resistance intact, outlook in GBP/JPY stays bearish. The larger down trend is expected to resume later. Below 158.03 minor support will turn bias to the downside for 151.64/153.64 support zone first. However, sustained break of 162.80 will be the first sign of trend reversal and target 164.09 resistance.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 25 16 07:55 GMT
With 162.80 resistance intact, outlook in GBP/JPY stays bearish. The larger down trend is expected to resume later. Break of 153.64 will target 151.64. Break of 151.64 will extend the larger down trend to next long term fibonacci level at 147.01. However, sustained break of 162.80 will be the first sign of trend reversal and target 164.09 resistance.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 24 16 03:52 GMT
With 162.80 resistance intact, outlook in GBP/JPY stays bearish. The larger down trend is expected to resume later. Break of 153.64 will target 151.64. Break of 151.64 will extend the larger down trend to next long term fibonacci level at 147.01. However, sustained break of 162.80 will be the first sign of trend reversal and target 164.09 resistance.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 23 16 03:44 GMT
With 162.80 resistance intact, outlook in GBP/JPY stays bearish. That larger down trend is expected to resume later. Break of 153.64 will target 151.64. Break of 151.64 will extend the larger down trend to next long term fibonacci level at 147.01. However, sustained break of 162.80 will be the first sign of trend reversal and target 164.09 resistance.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 20 16 04:48 GMT
GBP/JPY's rebound extends but stays below 162.80 resistance. Outlook remains bearish and the larger down trend is still expected to continue. Break of 153.64 will target 151.64. Break of 151.64 will extend the larger down trend to next long term fibonacci level at 147.01. However, sustained break of 162.80 will be the first sign of trend reversal and target 164.09 resistance.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 18 16 08:05 GMT
The consolidation pattern from 151.64 is still in progress and could extend. Further rebound might be seen but upside should be limited below 162.80 resistance. Below 153.64 will target 151.64. Break of 151.64 will extend the larger down trend to next long term fibonacci level at 147.01.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 17 16 07:57 GMT
The consolidation pattern from 151.64 is still in progress and could extend. Further rebound might be seen but upside should be limited below 162.80 resistance. Below 153.64 will target 151.64. Break of 151.64 will extend the larger down trend to next long term fibonacci level at 147.01.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 16 16 08:31 GMT
The consolidation pattern from 151.64 is still in progress and could extend. Another rebound might be seen but upside should be limited below 162.80 resistance. Below 153.64 will target 151.64. Break of 151.64 will extend the larger down trend to next long term fibonacci level at 147.01.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 13 16 06:43 GMT
The consolidation pattern from 151.64 is still in progress and could extend. Another rebound might be seen but upside should be limited below 162.80 resistance. Below 153.64 will target 151.64. Break of 151.64 will extend the larger down trend to next long term fibonacci level at 147.01.
Read more...
 
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