Sample Category Title

Pivot (invalidation): 14.7000

Our preference Long positions above 14.7000 with targets at 14.8600 & 14.9500 in extension.

Alternative scenario Below 14.7000 look for further downside with 14.6200 & 14.5700 as targets.

Comment The RSI calls for a rebound.

Pivot (invalidation): 1280.00

Our preference Long positions above 1280.00 with targets at 1288.50 & 1291.50 in extension.

Alternative scenario Below 1280.00 look for further downside with 1276.50 & 1272.50 as targets.

Comment The RSI lacks downward momentum.

Pivot (invalidation): 2849.00

Our preference Long positions above 2849.00 with targets at 2896.00 & 2913.00 in extension.

Alternative scenario Below 2849.00 look for further downside with 2836.50 & 2822.00 as targets.

Comment The RSI is mixed with a bullish bias.

Pivot (invalidation): 12090.00

Our preference Short positions below 12090.00 with targets at 11905.00 & 11840.00 in extension.

Alternative scenario Above 12090.00 look for further upside with 12178.00 & 12230.00 as targets.

Comment The RSI is bearish and calls for further downside

Pivot (invalidation): 6.1580

Our preference Short positions below 6.1580 with targets at 6.0490 & 6.0030 in extension.

Alternative scenario Above 6.1580 look for further upside with 6.2000 & 6.2410 as targets.

Comment The RSI has broken down its 30 level.

Pivot (invalidation): 0.6995

Our preference Long positions above 0.6995 with targets at 0.7025 & 0.7050 in extension.

Alternative scenario Below 0.6995 look for further downside with 0.6980 & 0.6965 as targets.

Comment A support base at 0.6995 has formed and has allowed for a temporary stabilisation.

Daily Pivots: (S1) 142.23; (P) 142.74; (R1) 143.25; More...

Intraday bias in GBP/JPY remains on the downside for the moment. Whole rebound from 131.51 has completed at 148.87, ahead of 149.98 key resistance. Sustained break of 38.2% retracement of 131.51 to 148.87 at 142.23 will target 61.8% retracement at 138.14. On the upside, above 143.76 minor resistance will turn bias neutral and bring consolidation, before staging another fall.

In the bigger picture, current development suggests that GBP/JPY was rejected by 149.98 key resistance. And medium term fall from 156.59 is still in progress. Break of 131.51 will target 122.36 (2016 low). On the other hand, decisive break of 149.98 should confirm that medium term fall from 156.59 (2018 high) has completed at 131.51 already. Further rally would be seen back to 156.59 resistance and above.

Daily Pivots: (S1) 122.59; (P) 122.96; (R1) 123.44; More...

A temporary low is in place at 122.48 with current recovery, and 4 hour MACD crossed above signal line. Intraday bias is turned neutral first and some recovery could be seen. Upside of recovery should be limited by 124.09/125.29 resistance zone to bring fall resumption. As noted before, rebound form 118.62 has completed at 127.50 already. On the downside, break of 122.48 will target retest of 118.62 low.

In the bigger picture, current development argues that rebound from 118.62 is merely a correction and has completed at 127.50. EUR/JPY is staying in long term falling channel from 137.49 (2018 high). Decisive break of 118.62 will confirm resumption of this medium term fall and target 109.20 low. For now, this will be the favored case as long as 125.23 resistance holds.

Pivot (invalidation): 1.3475

Our preference Short positions below 1.3475 with targets at 1.3425 & 1.3400 in extension.

Alternative scenario Above 1.3475 look for further upside with 1.3500 & 1.3515 as targets.

Comment As Long as the resistance at 1.3475 is not surpassed, the risk of the break below 1.3425 remains high.

Pivot (invalidation): 1.0135

Our preference Long positions above 1.0135 with targets at 1.0170 & 1.0190 in extension.

Alternative scenario Below 1.0135 look for further downside with 1.0120 & 1.0110 as targets.

Comment The break above 1.0135 is a positive signal that has opened a path to 1.0170.