Mon, Nov 18, 2019 @ 01:43 GMT

GBP/JPY Weekly Outlook

GBP/JPY stayed in sideway consolidation from 141.50 last week and outlook is unchanged. Initial bias remains neutral this week first. Such consolidation could extend with a deep falling leg before completion. But in that case, downside should be contained above 135.74 resistance turned support to bring rebound. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 135.74 resistance turned support holds.

In the longer term picture, price actions from 122.75 (2016 low) are seen as developing into a consolidation pattern. That is, long term down trend from 195.86 (2015 high) and that from 251.09 (2007 high) are still in favor to extend through 116.83 (2011 low). We’ll hold on to this bearish view as long as 156.59 key resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 139.42; (P) 139.64; (R1) 139.88; More…

No change in GBP/JPY’s outlook as it’s staying in consolidation from 141.50 and intraday bias remains neutral at this point. Deeper fall cannot be ruled out. But downside should be contained above 135.74 resistance turned support to bring rebound. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 135.74 resistance turned support holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 139.44; (P) 139.85; (R1) 140.26; More…

GBP/JPY is staying in consolidation from 141.50 and intraday bias remains neutral at this point. Deeper fall cannot be ruled out. But downside should be contained above 135.74 resistance turned support to bring rebound. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 135.74 resistance turned support holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 139.79; (P) 140.19; (R1) 140.43; More…

Intraday bias in GBP/JPY remains neutral as consolidation from 141.50 is extending. Deeper fall cannot be ruled out. But downside should be contained above 135.74 resistance turned support to bring rebound. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 135.74 resistance turned support holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 139.52; (P) 140.00; (R1) 140.64; More…

GBP/JPY is staying in consolidation from 141.50 and intraday bias remains neutral first. In case of another fall, downside should be contained above 135.74 resistance turned support to bring rebound. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 135.74 resistance turned support holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 139.27; (P) 139.74; (R1) 140.06; More…

Intraday bias in GBP/JPY remains neutral as consolidation from 141.50 is extending. In case of another fall, downside should be contained above 135.74 resistance turned support to bring rebound. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 135.74 resistance turned support holds.

- advertisement -

GBP/JPY Weekly Outlook

GBP/JPY was bounded in sideway consolidation below 141.50 last week and outlook remain unchanged. Initial bias stays neutral this week first. In case of another fall, downside should be contained above 135.74 resistance turned support to bring rebound. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 135.74 resistance turned support holds.

In the longer term picture, price actions from 122.75 (2016 low) are seen as developing into a consolidation pattern. That is, long term down trend from 195.86 (2015 high) and that from 251.09 (2007 high) are still in favor to extend through 116.83 (2011 low). We’ll hold on to this bearish view as long as 156.59 key resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 139.51; (P) 140.02; (R1) 140.55; More…

Intraday bias in GBP/JPY remains neutral for consolidation from 141.50. Another fall cannot be ruled out, but downside should be contained above 135.74 resistance turned support to bring another rally. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 130.42 support holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 139.77; (P) 140.23; (R1) 140.59; More…

GBP/JPY is staying in consolidation from 141.50 and intraday bias remains neutral first. Another fall cannot be ruled out, but downside should be contained above 135.74 resistance turned support to bring another rally. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 130.42 support holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 140.07; (P) 140.41; (R1) 140.97; More…

Intraday bias in GBP/JPY remains neutral as consolidation from 141.50 is extending. Another fall cannot be ruled out, but downside should be contained above 135.74 resistance turned support to bring another rally. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 130.42 support holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 139.74; (P) 139.99; (R1) 140.13; More…

GBP/JPY is staying in consolidation from 141.50 and intraday bias remains neutral first Another fall cannot be ruled out, but downside should be contained above 135.74 resistance turned support to bring another rally. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 130.42 support holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 139.71; (P) 139.93; (R1) 140.22; More…

Intraday bias in GBP/JPY remains neutral for the moment. Consolidation from 141.50 could extend with another fall. But downside should be contained above 135.74 resistance turned support to bring another rally. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 130.42 support holds.

- advertisement -

GBP/JPY Weekly Outlook

GBP/JPY stayed in consolidation from 141.50 last week and outlook is unchanged. Initial bias remains neutral this week first. Downside of retreat should be contained above 135.74 resistance turned support to bring another rally. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 130.42 support holds.

In the longer term picture, price actions from 122.75 (2016 low) are seen as developing into a consolidation pattern. That is, long term down trend from 195.86 (2015 high) and that from 251.09 (2007 high) are still in favor to extend through 116.83 (2011 low). We’ll hold on to this bearish view as long as 156.59 key resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 139.38; (P) 140.04; (R1) 140.46; More…

GBP/JPY is staying in consolidation from 141.50 and intraday bias remains neutral first. Another fall cannot be ruled out, but downside should be contained above 135.74 resistance turned support to bring another rally. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 130.42 support holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 140.06; (P) 140.29; (R1) 140.61; More…

Intraday bias in GBP/JPY remains neutral as consolidation from 141.50 is still in progress. Another fall cannot be ruled out, but downside should be contained above 135.74 resistance turned support to bring another rally. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 130.42 support holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 139.55; (P) 140.04; (R1) 140.62; More…

Intraday bias in GBP/JPY remains neutral for the moment and consolidation from 141.50 could extend. Another fall cannot be ruled out, but downside should be contained above 135.74 resistance turned support to bring another rally. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 130.42 support holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 139.52; (P) 139.89; (R1) 140.46; More…

GBP/JPY is staying in consolidation from 141.50 and intraday bias remains neutral first. In case of deeper retreat, downside should be contained above 135.74 resistance turned support to bring another rally. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 130.42 support holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 139.07; (P) 139.43; (R1) 139.84; More…

Intraday bias in GBP/JPY remains neutral for consolidation first. In case of deeper retreat, downside should be contained above 135.74 resistance turned support to bring another rally. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 130.42 support holds.

- advertisement -

GBP/JPY Weekly Outlook

GBP/JPY formed at 141.50 and turn into consolidations. Initial bias remains neutral this week first. Downside of retreat should be contained above 135.74 resistance turned support to bring another rally. On the upside, break of 141.50 will resume the rise from 126.54 to for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 130.42 support holds.

In the longer term picture, price actions from 122.75 (2016 low) are seen as developing into a consolidation pattern. That is, long term down trend from 195.86 (2015 high) and that from 251.09 (2007 high) are still in favor to extend through 116.83 (2011 low). We’ll hold on to this bearish view as long as 156.59 key resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 138.74; (P) 139.74; (R1) 140.60; More…

Intraday bias in GBP/JPY remains neutral as consolidation from 141.50 is extending. Deeper retreat could be seen but downside should be contained by 135.74 resistance turned support. On the upside, above 141.50 will resume the rise from 126.54 for 148.87 key resistance.

In the bigger picture, consolidation pattern from 122.75 (2016 low) is still in progress with rise from 126.54 as the third leg. Further rise should be seen back to 148.87/156.59 resistance zone. For now, we’d expect strong resistance from there to limit upside. And, this will remain the favored case as long as 130.42 support holds.

- advertisement -
- advertisement -