Daily Pivots: (S1) 181.49; (P) 181.73; (R1) 182.04; More… GBP/JPY is staying in consolidation above 180.78 temporary low and intraday bias remains neutral. With 183.34 resistance intact, further decline is expected. On the downside, break of 180.78 will resume the fall from 186.75 to 176.29 support next. In the bigger picture, fall from 186.75 is
GBPJPY Outlook
Daily Pivots: (S1) 181.10; (P) 181.71; (R1) 182.20; More… Intraday bias in GBP/JPY remains neutral for the moment, and some more consolidations could be seen above 180.78. But further decline is expected as long as 183.34 resistance holds. Break of 180.78 will resume the fall from 186.75 to 176.29 support next. In the bigger picture
GBP/JPY’s fall from 186.75 extended lower last week but recovered after forming a temporary low at 180.78. Initial bias remains neutral this week for consolidations. But further decline is expected as long as 183.34 resistance holds. Break of 180.78 will target to 176.29 support next. In the bigger picture, fall from 186.75 is currently seen
Daily Pivots: (S1) 180.43; (P) 181.80; (R1) 182.79; More… Intraday bias in GBP/JPY is turned neutral first as it recovered after dipping to 180.78. Further decline is expected as long as 183.34 support turned resistance holds. Below 180.78 will resume the fall from 186.75, as a larger scale correction, to 176.29 support next. In the
Daily Pivots: (S1) 182.62; (P) 182.98; (R1) 183.50; More… GBP/JPY’s fall from 186.75 is in progress and intraday bias stays on the downside. Sustained trading below 55 D EMA (now at 182.49) will argue that it’s already in a larger scale correction and target 176.29 support next. On the upside, break of 184.39 resistance will
Daily Pivots: (S1) 182.82; (P) 183.15; (R1) 183.59; More… Further decline is expected in GBP/JPY despite loss of downside momentum. Sustained trading below 55 D EMA (now at 182.49) will argue that it’s already in a larger scale correction and target 176.29 support next. On the upside, break of 184.39 resistance will argue that the
Daily Pivots: (S1) 182.57; (P) 182.96; (R1) 183.20; More… No change in GBP/JPY’s outlook as further fall is in favor with 184.39 resistance intact. Choppy decline from 186.75 is expected to continue. Sustained trading below 55 D EMA (now at 182.46) will argue that it’s already in a larger scale correction and target 176.29 support