Sample Category Title

Pivot (invalidation): 64.05

Our preference Short positions below 64.05 with targets at 63.30 & 62.95 in extension.

Alternative scenario Above 64.05 look for further upside with 64.30 & 64.65 as targets.

Comment As Long as 64.05 is resistance, expect a return to 63.30.

Pivot (invalidation): 15.0300

Our preference Short positions below 15.0300 with targets at 14.8800 & 14.8000 in extension.

Alternative scenario Above 15.0300 look for further upside with 15.1000 & 15.1800 as targets.

Comment A break below 14.8800 would trigger a drop towards 14.8000

Daily Pivots: (S1) 145.74; (P) 146.37; (R1) 147.04; More...

Intraday bias in GBP/JPy remains neutral as sideway consolidation from 148.87 might extend. Further rise remains in favor as long as 143.72 support holds. Decisive break of 149.48 key resistance will carry larger bullish in implications and target 156.58 resistance next. However, on the downside, sustained break of 143.72 will indicate near term reversal, after rejection by 149.48 key resistance. In that case, intraday bias will be turned to the downside for 141.00 support first.

In the bigger picture, focus is staying on 149.98 key resistance. Decisive break there should confirm that medium term fall from 156.59 (2018 high) has completed at 131.51 already. Rise from 131.51 is then seen as the third leg of the corrective pattern from 122.36 (2016 low). GBP/JPY should then target 156.59 and above. However, rejection by 149.98 will retain medium term bearishness and could extend the fall from 156.59 through 131.51 to 122.36.

Pivot (invalidation): 1292.50

Our preference Short positions below 1292.50 with targets at 1284.00 & 1280.50 in extension.

Alternative scenario Above 1292.50 look for further upside with 1295.50 & 1299.50 as targets.

Comment The RSI advocates for further decline.

Pivot (invalidation): 2896.00

Our preference Long positions above 2896.00 with targets at 2910.50 & 2920.00 in extension.

Alternative scenario Below 2896.00 look for further downside with 2888.25 & 2873.50 as targets.

Comment The RSI advocates for further upside.

Daily Pivots: (S1) 125.88; (P) 126.33; (R1) 127.02; More....

Intraday bias in EUR/JPY remains on the upside at this point. As correction from 127.50 has completed at 123.65 already, further rise should be seen to 127.50 resistance. Decisive break there will resume whole rise from 118.62 for medium term channel resistance at 129.15 next. On the downside, break of 125.61 resistance turned support will need to indicate completion of the rise. Otherwise, near term outlook will remain cautiously bullish in case of retreat.

In the bigger picture, there is no confirmation of completion of the down trend from 137.49 (2018 high) yet. In case of an extension, break of 118.62 will target 109.03/114.84 long term support zone. However, break of 127.50 will solidify the case of medium term bullish reversal. Further decisive break medium term channel resistance will affirm reversal and target 133.12 key resistance and above.

Pivot (invalidation): 11930.00

Our preference Long positions above 11930.00 with targets at 12060.00 & 12112.00 in extension.

Alternative scenario Below 11930.00 look for further downside with 11885.00 & 11845.00 as targets.

Comment The RSI advocates for further advance.

Pivot (invalidation): 5.7550

Our preference Long positions above 5.7550 with targets at 5.7970 & 5.8230 in extension.

Alternative scenario Below 5.7550 look for further downside with 5.7290 & 5.7000 as targets.

Comment The RSI lacks downward momentum.

Pivot (invalidation): 0.7155

Our preference Long positions above 0.7155 with targets at 0.7190 & 0.7205 in extension.

Alternative scenario Below 0.7155 look for further downside with 0.7135 & 0.7115 as targets.

Comment The RSI lacks downward momentum.

Pivot (invalidation): 1.3340

Our preference Short positions below 1.3340 with targets at 1.3310 & 1.3290 in extension.

Alternative scenario Above 1.3340 look for further upside with 1.3355 & 1.3375 as targets.

Comment A break below 1.3310 would trigger a drop towards 1.3290.