GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.15; (P) 190.67; (R1) 191.56; More…..

Intraday bias in GBP/JPY remains neutral at this point. Corrective pattern from 191.29 could still extend. Break of 188.02 minor support will bring deeper fall to 38.2% retracement of 178.32 to 191.29 at 186.33, as a correction to rise from 178.32. Nevertheless, on the upside, decisive break of 191.29 will resume larger up trend, and target 195.86 long term resistance next.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.31; (P) 189.85; (R1) 190.49; More…..

Intraday bias in GBP/JPY remains neutral for the moment. Corrective pattern from 191.29 could still extend. Break of 188.02 minor support will bring deeper fall to 38.2% retracement of 178.32 to 191.29 at 186.33, as a correction to rise from 178.32. Nevertheless, on the upside, decisive break of 191.29 will resume larger up trend.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Weekly Outlook

GBP/JPY retreated to 189.02 last week but recovered since then. Initial bias is turned neutral this week first. Risk is mildly on the downside as long as 191.29 resistance holds. Firm break of 188.90 resistance turned support will bring deeper fall to 38.2% retracement of 178.32 to 191.29 at 186.33, as a correction to rise from 178.32. Nevertheless, decisive break of 191.29 will resume larger up trend.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

In the longer term picture, rise from 122.75 (2016 low) is seen as the third leg of the pattern from 116.83 (2011 low). Further rally will remain in favor as long as 172.11 resistance turned support holds. Break of 195.86 (2015 high) is possible. But strong resistance could be seen from 61.8% retracement of 251.09 (2007 high) to 116.83 at 199.80 to limit upside, at least on first attempt.

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.67; (P) 189.75; (R1) 190.44; More….

Risk stays on the downside in GBP/JPY as long as 191.29 short term top holds. Break of 188.90 resistance turned support will extend the decline to 38.2% retracement of 178.32 to 191.29 at 186.33.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.40; (P) 190.68; (R1) 191.10; More….

GBP/JPY’s break of 190.32 suggests short term topping at 191.29. Considering bearish divergence condition in 4H MACD, it could now be correcting whole rally from 178.32. Intraday bias is back on the downside for 188.90 resistance turned support first. Firm break there will target 38.2% retracement of 178.32 to 191.29 at 186.33. For now, risk will stay on the downside as long as 191.29 resistance holds, in case of recovery.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.50; (P) 190.84; (R1) 191.31; More….

Intraday bias in GBP/JPY is turned neutral again with current retreat. On the upside, decisive break of 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50 will extend larger up trend to 100% projection at 195.40. On the downside, however, break of 190.32 minor support will turn bias back to the downside for deeper pullback.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.57; (P) 190.95; (R1) 191.55; More

Intraday bias in GBP/JPY is back on the upside with breach of 191.12 temporary top. Firm break of 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50 will extend larger up trend to 100% projection at 195.40. On the downside, however, break of 190.32 minor support will turn bias back to the downside for deeper pullback.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.36; (P) 190.76; (R1) 191.11; More

Intraday bias in GBP/JPY is turned neutral with current retreat, and some consolidations would be seen first. Downside should be contained by 188.90 resistance turned support to bring another rally. On the upside, firm break of 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50 will extend larger up trend to 100% projection at 195.40.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Weekly Outlook

GBP/JPY’s up trend continued last week and there is no sign of topping yet. Initial bias remains on the upside this week for 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. Firm break there will target 100% projection at 195.40. On the downside, below 189.83 minor support will turn intraday bias neutral and bring consolidations, before staging another rally.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

In the longer term picture, rise from 122.75 (2016 low) is seen as the third leg of the pattern from 116.83 (2011 low). Further rally will remain in favor as long as 172.11 resistance turned support holds. Break of 195.86 (2015 high) is possible. But strong resistance could be seen from 61.8% retracement of 251.09 (2007 high) to 116.83 at 199.80 to limit upside, at least on first attempt.

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.02; (P) 190.43; (R1) 191.00; More

Intraday bias in GBP/JPY remains on the upside at this point. Current rally is in progress for 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. Firm break there will target 100% projection at 195.40. On the downside, below 189.05 minor support will turn intraday bias neutral and bring consolidations again, before staging another rally.

In the bigger picture, up trend from 123.94 (2020 low) in in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.42; (P) 189.68; (R1) 190.21; More

GBP/JPY’s up trend is trying to resume by breaking through 190.05. Intraday bias is back on the upside for 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. On the downside, below 189.05 minor support will turn intraday bias neutral and bring consolidations again, before staging another rally.

In the bigger picture, up trend from 123.94 (2020 low) in in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.99; (P) 189.36; (R1) 189.70; More

Intraday bias in GBP/JPY remains neutral as consolidations continue below 190.05. Further rally is expected with 187.83 minor support intact. Break of 190.05 will target 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. However, break of 187.83 will turn bias to the downside for deeper correction back to 185.21 support instead.

In the bigger picture, up trend from 123.94 (2020 low) in in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.88; (P) 189.17; (R1) 189.44; More

GBP/JPY is still extending range trading below 190.05 and intraday bias remains neutral. Further rally is expected with 187.83 minor support intact. Break of 190.05 will target 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. However, break of 187.83 will turn bias to the downside for deeper correction back to 185.21 support instead.

In the bigger picture, up trend from 123.94 (2020 low) in in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.89; (P) 189.21; (R1) 189.59; More

Intraday bias in GBP/JPY remains neutral and some more consolidation could be seen below 190.05. Further rally is expected with 187.83 minor support intact. Break of 190.05 will target 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. However, break of 187.83 will turn bias to the downside for deeper correction back to 185.21 support instead.

In the bigger picture, up trend from 123.94 (2020 low) in in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Weekly Outlook

GBP/JPY’s up trend resumed and edged higher to 190.05 last week, but then retreated. Initial bias remains neutral this week for more consolidations. Further rally is expected with 187.83 minor support intact. Break of 190.05 will target 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. However, break of 187.83 will turn bias to the downside for deeper correction back to 185.21 support instead.

In the bigger picture, up trend from 123.94 (2020 low) in in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

In the longer term picture, rise from 122.75 (2016 low) is seen as the third leg of the pattern from 116.83 (2011 low). Further rally will remain in favor as long as 172.11 resistance turned support holds. Break of 195.86 (2015 high) is possible. But strong resistance could be seen from 61.8% retracement of 251.09 (2007 high) to 116.83 at 199.80 to limit upside.

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.19; (P) 188.72; (R1) 189.44; More

GBP/JPY is staying in consolidation below 190.05 and intraday bias remains neutral. On the upside, break of 190.05 will resume larger up trend. However, break of 187.83 will turn bias to the downside for deeper correction back to 185.21 support instead.

In the bigger picture, up trend from 123.94 (2020 low) in in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.70; (P) 189.31; (R1) 189.87; More

Intraday bias in GBP/JPY remains neutral at this point, for consolidations below 190.05. Break 190.05 will resume larger up trend. However, break of 187.83 will turn bias to the downside for deeper correction back to 185.21 support instead.

In the bigger picture, up trend from 123.94 (2020 low) in in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 188.87; (P) 189.48; (R1) 190.50; More

Intraday bias in GBP/JPY is turned neutral with current retreat and some consolidations could be seen first. Downside should be contained well above 185.21 support to bring another rise. Break of 190.05 will resume larger up trend to 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50.

In the bigger picture, up trend from 123.94 (2020 low) in in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.87; (P) 189.48; (R1) 190.50; More

Intraday bias in GBP/JPY remains on the upside for the moment. Next near term target is 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. On the downside, below 187.83 minor support will turn intraday bias neutral and bring consolidations first. But outlook will stay bullish as long as 185.21 support holds, in case of retreat.

In the bigger picture, up trend from 123.94 (2020 low) in in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.06; (P) 188.40; (R1) 188.93; More

GBP/JPY’s strong break of 188.90 confirms up trend resumption. Intraday bias stays on the upside. Next near term target is 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. On the downside, below 187.83 minor support will turn intraday bias neutral and bring consolidations first. But outlook will stay bullish as long as 185.21 support holds, in case of retreat.

In the bigger picture, up trend from 123.94 (2020 low) in in progress. Medium term outlook will stay bullish as long as 178.32 support holds. Next target is 195.86 long term resistance (2015 high).