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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 | Jan 27 15 07:57 GMT
Intraday bias in GBP/JPY remains neutral for the moment as consolidation from 175.86 continues. But still, as long as 180.93 resistance holds, deeper decline is still expected. Below 175.86 will extend the fall from 189.70 to retest 168.01 key support level. Meanwhile, break of 180.93 will bring stronger rebound first.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jan 26 15 07:56 GMT
Despite a brief breach of 175.86, GBP/JPY quickly recovered. Intraday bias stays neutral as current consolidation might extend. But still, as long as 180.93 resistance holds, deeper decline is still expected. Below 175.86 will extend the fall from 189.70 to retest 168.01 key support level. Meanwhile, break of 180.93 will bring stronger rebound first.
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GBP/JPY Weekly Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jan 24 15 09:30 GMT
GBP/JPY stayed in sideway consolidation above 175.86 last week and outlook is unchanged. Initial bias stays neutral first and more consolidation would still be seen. As long as 180.93 resistance holds, deeper decline is still expected Below 175.86 will extend the fall from 189.70 to retest 168.01 key support level. Meanwhile, break of 180.93 will bring stronger rebound first.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jan 23 15 09:14 GMT
Intraday bias in GBP/JPY remains neutral for the moment after drawing support from 61.8% retracement of 168.01 to 189.70 at 176.29 As long as 180.93 resistance holds, deeper decline is still expected Below. 175.86 will extend the fall from 189.70 to retest 168.01 key support level. Meanwhile, break of 180.93 will bring stronger rebound first.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jan 22 15 08:10 GMT
Intraday bias in GBP/JPY remains neutral for the moment after drawing support from 61.8% retracement of 168.01 to 189.70 at 176.29 As long as 180.93 resistance holds, deeper decline is still expected Below. 175.86 will extend the fall from 189.70 to retest 168.01 key support level. Meanwhile, break of 180.93 will bring stronger rebound first.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jan 20 15 06:32 GMT
Intraday bias in GBP/JPY is neutral for the moment as it's drawing support from 61.8% retracement of 168.01 to 189.70 at 176.29 As long as 180.93 resistance holds, deeper decline is still expected Below 175.86 will extend the fall from 189.70 to retest 168.01 key support level. Meanwhile, break of 180.93 will bring stronger rebound first.
Read more...
 
GBP/JPY Weekly Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jan 17 15 10:26 GMT
GBP/JPY dropped to as low as 175.86 last week before drawing support from 61.8% retracement of 168.01 to 189.70 at 176.29 and recovered. Initial bias is neutral this week first. As long as 180.93 resistance holds, deeper decline is still expected Below 175.86 will extend the fall from 189.70 to retest 168.01 key support level. Meanwhile, break of 180.93 will bring stronger rebound first.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jan 14 15 03:48 GMT
GBP/JPY's decline from 189.70 extends to as low as 177.72 so far today and intraday bias remains on the downside. Current fall should target 61.8% retracement of 168.01 to 189.70 at 176.29 next. Break will target key support level of 168.01. On the upside, break of 180.93 minor resistance is needed to indicate short term reversal. Otherwise, outlook will stay mildly bearish in case of recovery.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jan 13 15 03:35 GMT
Initial bias in GBP/JPY remains on the downside for 61.8% retracement of 168.01 to 189.70 at 176.29 next. Break will target key support level of 168.01. In case of recovery, risk of stay on the downside as long as 182.69 minor resistance holds.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jan 12 15 09:45 GMT
Initial bias in GBP/JPY remains on the downside this week for 61.8% retracement of 168.01 to 189.70 at 176.29 next. Break will target key support level of 168.01. In case of recovery, risk of stay on the downside as long as 182.69 minor resistance holds.
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