Sample Category Title

Pivot (invalidation): 14.4700

Our preference Short positions below 14.4700 with targets at 14.3500 & 14.2800 in extension.

Alternative scenario Above 14.4700 look for further upside with 14.5100 & 14.5600 as targets.

Comment The RSI is bearish and calls for further downside.

Pivot (invalidation): 1223.50

Our preference Short positions below 1223.50 with targets at 1217.00 & 1213.00 in extension.

Alternative scenario Above 1223.50 look for further upside with 1226.50 & 1229.00 as targets.

Comment The RSI has broken down its 30 level.

Daily Pivots: (S1) 143.16; (P) 143.78; (R1) 144.33; More...

Intraday bias in GBP/JPY remains neutral for consolidation above 142.76 temporary low. Near term outlook remains cautiously bearish as long as 146.50 minor resistance holds. Break of 142.76 will extend the fall from 149.70 for retesting 139.88 low.

In the bigger picture, as long as 139.29 cluster support (50% retracement of 122.36 to 156.59 at 139.47) holds, up trend from 122.36 (2016 low) would still extend beyond 156.69 high. However, decisive break of 139.29/47 will suggest that such up trend is completed and turn outlook bearish. In that case, next target is 61.8% retracement at 135.43.

Pivot (invalidation): 5.5000

Our preference Short positions below 5.5000 with targets at 5.4580 & 5.4350 in extension.

Alternative scenario Above 5.5000 look for further upside with 5.5300 & 5.5700 as targets.

Comment A break below 5.4580 would trigger a drop towards 5.4350.

Daily Pivots: (S1) 127.87; (P) 128.16; (R1) 128.57; More....

The break of 128.44 minor resistance suggests short term bottoming at 126.63. Intraday bias is turned to the upside for 130.20 resistance first. Break will pave the way for 133.12 high. Nonetheless, break of 126.63 will resume the fall from 133.12 and target a test on 124.89 low.

In the bigger picture, as long as 124.08 key resistance turn supported holds, larger up trend from 109.03 (2016 low) is still in progress. Firm break of 137.49 structural resistance will target 141.04/149.76 resistance zone next. However, decisive break of 124.08 will argue that such rise from 109.03 has completed and turn outlook bearish. In that case, deeper fall would be seen to 61.8% retracement of 109.03 to 137.49 at 119.90.

Pivot (invalidation): 0.7105

Our preference Short positions below 0.7105 with targets at 0.7070 & 0.7050 in extension.

Alternative scenario Above 0.7105 look for further upside with 0.7120 & 0.7135 as targets.

Comment A break below 0.7070 would trigger a drop towards 0.7050.

Pivot (invalidation): 1.3100

Our preference Long positions above 1.3100 with targets at 1.3145 & 1.3160 in extension.

Alternative scenario Below 1.3100 look for further downside with 1.3080 & 1.3060 as targets.

Comment The RSI is mixed to bullish.

Pivot (invalidation): 1.0035

Our preference Long positions above 1.0035 with targets at 1.0060 & 1.0080 in extension.

Alternative scenario Below 1.0035 look for further downside with 1.0005 & 0.9985 as targets.

Comment The RSI lacks downward momentum.

Pivot (invalidation): 112.90

Our preference Long positions above 112.90 with targets at 113.40 & 113.70 in extension.

Alternative scenario Below 112.90 look for further downside with 112.65 & 112.40 as targets.

Comment The RSI is bullish and calls for further advance.

Daily Pivots: (S1) 0.8887; (P) 0.8915; (R1) 0.8954; More...

Intraday bias in EUR/GBP remains on the upside as rebound from 0.8722 is in progress. Further rise would be seen to 61.8% retracement of 0.9097 to 0.8722 at 0.8954 and above. On the downside, however, break of 0.8868 minor support will argue that the rebound might have completed. Intraday bias will then be turned back to the downside for 0.8722 low.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). On the downside, break of 0.8722 will extend the falling leg through 0.8620 support. On the upside, break of 0.9097 will target 0.9304 resistance instead.