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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 Weekly Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 18 13 09:33 GMT
GBP/JPY stayed below 156.77 temporary low last week and it turned into sideway trading. More consolidations could be seen initially this week. But in case of another retreat, downside should be contained by 153.26 support and bring another rally. Above 156.77 will target 100% projection of 125.67 to 147.97 from 140.37 at 162.67, which is close to 163.05 key resistance. On the downside, though, break of 153.26 will indicate short term topping and bring deeper pull back.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 17 13 03:30 GMT
Intraday bias in GBP/JPY remains neutral for the moment and some consolidations could be seen below 156.77 temporary top. But further rise is still expected as long as 153.26 minor support holds. Current rally is still in progress and should target 100% projection of 125.67 to 147.97 from 140.37 at 162.67, which is close to 163.05 key resistance. On the downside, though, break of 153.26 will indicate short term topping and bring deeper pull back.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 16 13 07:41 GMT
Intraday bias in GBP/JPY remains neutral for the moment and some consolidations could be seen below 156.77 temporary top. But further rise is still expected as long as 153.26 minor support holds. Current rally is still in progress and should target 100% projection of 125.67 to 147.97 from 140.37 at 162.67, which is close to 163.05 key resistance. On the downside, though, break of 153.26 will indicate short term topping and bring deeper pull back.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 15 13 08:01 GMT
Intraday bias in GBP/JPY is turned neutral for the moment and some consolidations could be seen below 156.77 temporary top. But further rise is still expected as long as 153.26 minor support holds. Current rally is still in progress and should target 100% projection of 125.67 to 147.97 from 140.37 at 162.67, which is close to 163.05 key resistance. On the downside, though, break of 153.26 will indicate short term topping and bring deeper pull back.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 14 13 06:59 GMT
GBP/JPY lost some upside momentum but at this point, further rise is still expected as long as 153.26 minor support holds. Current rally is still in progress and should target 100% projection of 125.67 to 147.97 from 140.37 at 162.67, which is close to 163.05 key resistance. On the downside, though, break of 153.26 will indicate short term topping and bring deeper pull back.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 13 13 07:03 GMT
Intraday bias in GBP/JPY remains upside for the moment. Current rally is still in progress and should target 100% projection of 125.67 to 147.97 from 140.37 at 162.67, which is close to 163.05 key resistance. On the downside, break of 153.26 minor support is needed to signal short term topping. Otherwise, outlook stays bullish even in case of retreat.
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GBP/JPY Weekly Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 11 13 06:10 GMT
GBP/JPY's up trend continued last week as expected and reached as high as 156.67. Initial bias remains on the upside and current rally should be targeting 100% projection of 125.67 to 147.97 from 140.37 at 162.67, which is close to 163.05 key resistance. On the downside, break of 153.26 minor support is needed to signal short term topping. Otherwise, outlook stays bullish even in case of retreat.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 10 13 07:02 GMT
GBP/JPY's rally resumed after brief consolidations and reached as high as 156.29 so far today. Intraday bias is back on the upside. Current up trend should now target 100% projection of 125.67 to 147.97 from 140.37 at 162.67 next, which is close to 163.05 key resistance. On the downside, break of 153.26 minor support is needed to signal short term topping. Otherwise, outlook stays bullish even in case of retreat.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 09 13 06:01 GMT
Intraday bias in GBP/JPY stays neutral for the moment. As long as 150.74 holds, further rally is still expected. Above 154.78 will extend the larger up trend to 100% projection of 125.67 to 147.97 from 140.37 at 162.67.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | May 08 13 06:39 GMT
With 4 hours MACD crossed below signal line, a temporary top is formed and intraday bias is turned neutral. Nonetheless, as long as 150.74 holds, further rally is still expected. Above 154.78 will extend the larger up trend to 100% projection of 125.67 to 147.97 from 140.37 at 162.67.
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