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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 | Apr 18 15 12:17 GMT
GBP/JPY dropped to as low as 174.85 last week but couldn't sustain below 175.49 support and recovered. Initial bias is turned neutral first. Near term outlook will stay bearish as long as 179.28 resistance holds. Below 174.86 will extend the fall fro 189.70 and target 168.10 key support level. However,decisive break of 179.28 will indicate near term reversal and will turn bias to back to the upside for 184.99 resistance instead.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Apr 16 15 10:38 GMT
With 179.28 minor resistance intact, deeper decline is still expected in GBP/JPY. The fall from 189.70 should be resuming and sustained trading below 175.49 will target 168.10 key support level next. Nonetheless, break of 179.28 will indicate near term reversal and will turn bias back to the upside for stronger rebound.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Apr 15 15 07:15 GMT
Intraday bias in GBP/JPY remains on the downside for the moment. The decline from 189.70 should be resuming and sustained trading below 175.49 will target 168.10 key support level next. On the upside, break of 179.28 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Apr 14 15 03:17 GMT
GBP/JPY drops to as low as 175.26 so far and intraday bias remains on the downside. Firm break of 175.49 support will extend the whole decline from 189.70 and will target 168.10 key support level next. On the upside, break of 179.28 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Apr 13 15 12:01 GMT
Intraday bias in GBP/JPY remains on the downside for 175.49 support. Break will extend the whole decline from 189.70 and will target 168.10 key support level next. On the upside, break of 179.28 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.
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GBP/JPY Weekly Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Apr 12 15 08:14 GMT
GBP/JPY's fall from 184.99 resumed last week and reached as low as 175.66. Initial bias stay son the downside this week for 175.49 support first. Break will extend the whole decline from 189.70 and will target 168.10 key support level next. On the upside, break of 179.28 resistance is needed to indicate short term bottoming. Otherwise, outlook will stays bearish in case of recovery.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Apr 09 15 05:07 GMT
Intraday bias in GBP/JPPY is neutral for the moment. With 180.10 minor resistance intact, deeper fall is expected to 175.49 support. Break will extend the fall from 189.70 to 168.10 key support level next. Above 180.10 will indicate that fall from 184.99 has completed and will turn bias back to the upside for this resistance.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Apr 08 15 07:55 GMT
With 180.10 minor resistance intact, deeper fall is expected to 175.49 support. Break will extend the fall from 189.70 to 168.10 key support level next. Above 180.10 will indicate that fall from 184.99 has completed and will turn bias back to the upside for this resistance.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Apr 07 15 04:21 GMT
With 180.10 minor resistance intact, deeper fall is expected to 175.49 support. Break will extend the fall from 189.70 to 168.10 key support level next. Above 180.10 will indicate that fall from 184.99 has completed and will turn bias back to the upside for this resistance.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Apr 06 15 13:51 GMT
With 180.10 minor resistance intact, deeper fall is expected to 175.49 support. Break will extend the fall from 189.70 to 168.10 key support level next. Above 180.10 will indicate that fall from 184.99 has completed and will turn bias back to the upside for this resistance.
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