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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 | Aug 01 15 11:36 GMT
GBP/JPY edge higher last week with weak momentum. Overall outlook is unchanged. We're viewing price actions from 195.86 as a sideway consolidation pattern. Thus, while another rise cannot be ruled out, strong resistance should be seen around 195.86 to limit upside and bring reversal. Below 190.99 support will turn bias back to the downside for 184.95 and possibly further to 61.8% retracement of 174.86 to 195.86 at 182.88.
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GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 30 15 10:33 GMT
Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway consolidation pattern. Thus, while another rise cannot be ruled out, strong resistance should be seen around 195.86 to limit upside and bring reversal. Below 190.53 will turn bias back to the downside for 184.95 and possibly further to 61.8% retracement of 174.86 to 195.86 at 182.88.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 29 15 05:47 GMT
Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway consolidation pattern. Thus, while another rise cannot be ruled out, strong resistance should be seen around 195.86 to limit upside and bring reversal. Below 190.53 will turn bias back to the downside for 184.95 and possibly further to 61.8% retracement of 174.86 to 195.86 at 182.88.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 28 15 05:04 GMT
Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway consolidation pattern. Thus, while another rise cannot be ruled out, strong resistance should be seen around 195.86 to limit upside and bring reversal. Below 190.53 will turn bias back to the downside for 184.95 and possibly further to 61.8% retracement of 174.86 to 195.86 at 182.88.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 27 15 12:47 GMT
Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway consolidation pattern. Thus, while another rise cannot be ruled out, strong resistance should be seen around 195.86 to limit upside and bring reversal. Below 190.53 will turn bias back to the downside for 184.95 and possibly further to 61.8% retracement of 174.86 to 195.86 at 182.88.
Read more...
 
GBP/JPY Weekly Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 25 15 09:43 GMT
A temporary top was formed at 194.34 last week and GBPJPY retreated. Initial bias is neutral this week first. We're viewing price actions from 195.86 as a sideway consolidation pattern. Thus, while another rise cannot be ruled out, strong resistance should be seen around 195.86 to limit upside and bring reversal. Below 190.53 will turn bias back to the downside for 184.95 and possibly further to 61.8% retracement of 174.86 to 195.86 at 182.88.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 23 15 11:05 GMT
Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway consolidation pattern. Thus, while another rise cannot be ruled out, strong resistance should be seen around 195.86 to limit upside and bring reversal. Below 190.53 will turn bias back to the downside for 184.95 and possibly further to 61.8% retracement of 174.86 to 195.86 at 182.88.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 22 15 07:03 GMT
Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway consolidation pattern. Thus, while another rise cannot be ruled out, strong resistance should be seen around 195.86 to limit upside and bring reversal. Below 190.53 will turn bias back to the downside for 184.95 and possibly further to 61.8% retracement of 174.86 to 195.86 at 182.88.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 21 15 09:39 GMT
Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway consolidation pattern. Thus, while another rise cannot be ruled out, strong resistance should be seen around 195.86 to limit upside and bring reversal. Below 190.53 will turn bias back to the downside for 184.95 and possibly further to 61.8% retracement of 174.86 to 195.86 at 182.88.
Read more...
 
GBP/JPY Daily Outlook Print E-mail
GBPJPY Outlook | Written by ActionForex.com | Jul 20 15 04:22 GMT
Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway consolidation pattern. Thus, while another rise cannot be ruled out, strong resistance should be seen around 195.86 to limit upside and bring reversal. Below 190.53 will turn bias back to the downside for 184.95 and possibly further to 61.8% retracement of 174.86 to 195.86 at 182.88.
Read more...
 
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