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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 | 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.
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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.
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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...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Oct 20 14 03:35 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 Weekly Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Oct 18 14 09:10 GMT
GBP/JPY dropped to as low as 168.01 last week before forming a temporary low there and recovered. Initial bias is neutral this week first. The 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 16 14 03:35 GMT
GBP/JPY dropped further to as low as 168.01 so far and took out 169.34 key support level. The development suggests medium term topping at 180.70. Intraday bias remains on the downside and current fall from 180.70 should extend to 163.87 support next. On the upside, above 171.14 minor resistance will turn bias neutral and bring consolidations first before staging another decline.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Oct 15 14 04:22 GMT
GBP/JPY drops to as low as 169.92 so far today and intraday bias remains on the downside for 169.34 key support level. Decisive break there will indicate medium term reversal and will pave the way to 163.87 support next. On the upside, above 172.47 minor resistance will turn bias neutral first. In that case, we'll access the strength of the rebound.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Oct 14 14 07:00 GMT
Intraday bias in GBP/JPY remains on the downside for 169.34 key support level first. Decisive break there will indicate larger trend reversal and turn outlook bearish. On the upside, above 175.00 minor resistance will turn bias back to the upside for 180.70 instead.
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