Wed, May 27, 2020 @ 02:51 GMT

GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 131.01; (P) 131.21; (R1) 131.48; More…

GBP/JPY’s break of 132.50 resistance suggests that rebound from 129.27 is resuming. Also, correction from 135.74 is possibly completed and rise form 123.94 might be resuming. Intraday bias is back on the upside for 135.74 resistance next. On the downside, though, break of 130.67 support will turn intraday bias to the downside for 61.8% retracement of 123.94 to 135.74 at 128.44.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 131.01; (P) 131.21; (R1) 131.48; More…

GBP/JPY’s rebound today put focus on 132.40 minor resistance. Break there will resume the rise from 129.27. More importantly, that would suggests completion of the corrective fall from 135.74. Intraday bias will be turned back to the upside for 135.74 resistance. on the downside, break of 129.17 will target 61.8% retracement of 123.94 to 135.74 at 128.44.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 130.49; (P) 131.14; (R1) 131.59; More…

GBP/JPY is staying in consolidation from 129.27 and intraday bias remains neutral at this point. As long as 133.18 resistance holds, further decline remains in favor. Break of 129.27 will target 61.8% retracement of 123.94 to 135.74 at 128.44. Firm break there will target a test on 123.94 low. However, break of 133.18 will invalidate our bearish view and turn bias back to the upside for 135.74 resistance.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 131.18; (P) 131.57; (R1) 131.90; More…

Intraday bias in GBP/JPY remains neutral for the moment. As long as 133.18 resistance holds, further decline remains in favor. Break of 129.27 will target 61.8% retracement of 123.94 to 135.74 at 128.44. Firm break there will target a test on 123.94 low. However, break of 133.18 will invalidate our bearish view and turn bias back to the upside for 135.74 resistance.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 131.22; (P) 131.82; (R1) 132.21; More…

No change in GBP/JPY’s outlook and intraday bias remains neutral. Further decline is expected as long as 133.18 resistance holds. Break of 129.27 will target 61.8% retracement of 123.94 to 135.74 at 128.44. Firm break there will target a test on 123.94 low. However, break of 133.18 will invalidate our bearish view and turn bias back to the upside for 135.74 resistance.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 130.99; (P) 131.75; (R1) 132.71; More…

Intraday bias in GBP/JPY remains neutral first. Further decline is expected as long as 133.18 resistance holds. Break of 129.27 will target 61.8% retracement of 123.94 to 135.74 at 128.44. Firm break there will target a test on 123.94 low. However, break of 133.18 will invalidate our bearish view and turn bias back to the upside for 135.74 resistance.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 129.69; (P) 130.48; (R1) 131.65; More…

Break of 131.41 minor resistance suggests that a temporary low is formed at 129.27. Intraday bias is turned neutral first. Further decline is expected as long as 133.18 resistance holds. Break of 129.27 will target 61.8% retracement of 123.94 to 135.74 at 128.44. Firm break there will target a test on 123.94 low. However, break of 133.18 will invalidate our bearish view and turn bias back to the upside for 135.74 resistance.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 129.11; (P) 130.26; (R1) 130.87; More…

Intraday bias in GBP/JPY remains on the downside at this point. Corrective rebound from 123.94 should have completed at 135.74. Deeper fall should be seen to 61.8% retracement of 123.94 to 135.74 at 128.44. Firm break there will target a test on 123.94 low. On the upside, above 131.41 minor resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Weekly Outlook

GBP/JPY’s decline resumed last week to close at 129.68. The development affirmed the view that corrective rebound form 123.94 has completed at 135.74. Initial bias stays on the downside this week for 61.8% retracement of 123.94 to 135.74 at 128.44. Firm break there will target a test on 123.94 low. On the upside, above 131.41 minor resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

In the longer term picture, repeated rejection by 55 month EMA indicate long term bearishness in the cross. Down trend from 251.09 (2007 high) could be resuming. Break of 116.83 will target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 130.44; (P) 130.87; (R1) 131.60; More…

Further fall remains in favor in GBP/JPY with 133.18 resistance intact. Corrective rebound from 123.94 should have completed. Deeper decline should be seen to retest 123.94 low. On the upside, break of 133.18 minor resistance will turn bias to the upside for 61.8% retracement of 144.95 to 123.94 at 136.92.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 130.44; (P) 131.19; (R1) 131.73; More…

GBP/JPY’s fall resumed by taking out 130.64 temporary low. Intraday bias is back on the downside. as noted before, corrective rebound from 123.94 should have completed. Deeper fall should be seen to retest 123.94 low. On the upside, break of 133.18 minor resistance will turn bias to the upside for 61.8% retracement of 144.95 to 123.94 at 136.92.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 130.80; (P) 131.83; (R1) 132.36; More…

Intraday bias in GBP/JPY remains neutral and further fall is in favor with 133.17 minor resistance intact. Corrective rebound from 123.94 might have completed. Break of 130.63 will turn bias to the downside for retesting 123.94 low. Nevertheless, break of 130.64 will turn bias to the upside for 61.8% retracement of 144.95 to 123.94 at 136.92.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 131.56; (P) 132.13; (R1) 132.93; More…

Outlook in GBP/JPY is unchanged and intraday bias remains neutral. Another fall is in favor as long as 133.17 minor resistance holds. Below 130.64 will target a test on 123.94 low. Nevertheless, break of 130.64 will turn bias to the upside for 61.8% retracement of 144.95 to 123.94 at 136.92.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 131.56; (P) 132.13; (R1) 132.93; More…

Intraday bias in GBP/JPY remains neutral first. Another fall is in favor as long as 133.17 minor resistance holds. Below 130.64 will target a test on 123.94 low. Nevertheless, break of 130.64 will turn bias to the upside for 61.8% retracement of 144.95 to 123.94 at 136.92.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Weekly Outlook

GBP/JPY dropped to 130.64 last week but couldn’t sustain below 131.90 resistance and recovered. Initial bias is neutral this week first and outlook is a bit mixed. Though, another fall is in favor as long as 133.17 minor resistance holds. Below 130.64 will target a test on 123.94 low. Nevertheless, break of 130.64 will turn bias to the upside for 61.8% retracement of 144.95 to 123.94 at 136.92.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

In the longer term picture, repeated rejection by 55 month EMA indicate long term bearishness in the cross. Down trend from 251.09 (2007 high) could be resuming. Break of 116.83 will target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 130.68; (P) 131.36; (R1) 132.04; More…

GBP/JPY recovers with 4 hour MACD crossed above signal line. But further fall is expected as long as 133.17 minor resistance holds. Corrective rebound from 123.94 should have completed and deeper fall would be seen back to retest this low. However, above 133.17 might extend the rebound to 61.8% retracement of 144.95 to 123.94 at 136.92.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 130.27; (P) 131.47; (R1) 132.11; More…

GBP/JPY recovers today but with 133.17 minor resistance intact, further decline is expected. Corrective rebound from 123.94 should have completed. Deeper fall is in favor to retest 123.94 low. On the upside, above 133.17 minor resistance will turn intraday bias neutral first. But after all, upside should be limited by 61.8% retracement of 144.95 to 123.94 at 136.92.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 132.21; (P) 132.70; (R1) 132.94; More…

GBP/JPY’s break of 131.90 support suggests that corrective rebound from 123.94 has completed. Intraday bias is turned back to the downside for retesting 123.94 low. On the upside, above 133.17 minor resistance will turn intraday bias neutral first. But after all, upside should be limited by 61.8% retracement of 144.95 to 123.94 at 136.92.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 132.21; (P) 132.70; (R1) 132.94; More…

Intraday bias in GBP/JPY remains neutral for the moment. Break of 131.90 support should indicate completion of whole rebound form 123.94. Intraday bias will be turned to the downside for retesting 123.94 low. In case of another rise, we’d strong resistance from 61.8% retracement of 144.95 to 123.94 at 136.92 to limit upside. But sustained break of 135.74 will pave the way to 144.95 resistance next.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -

GBP/JPY Daily Outlook

Daily Pivots: (S1) 132.35; (P) 132.96; (R1) 133.39; More…

Range trading continues in GBP/JPY and intraday bias remains neutral. Corrective rebound from 123.94 might not be over. But in case of another rise, we’d strong resistance from 61.8% retracement of 144.95 to 123.94 at 136.92 to limit upside. But sustained break of 135.74 will pave the way to 144.95 resistance next. On the downside, break of 131.90 will turn bias back to the downside for retesting 123.94 low.

In the bigger picture, price actions from 122.75 (2016 low) are merely a sideway consolidation pattern, which has completed at 147.96. Larger down trend from 195.86 (2015 high) as well as that from 251.09 (2007 high) are possibly resuming. Break of 122.75 should target 61.8% projection of 195.86 to 122.75 from 147.95 at 102.76 next. In any case, outlook will remain bearish as long as 147.95 resistance holds.

- advertisement -
- advertisement -