GBPJPY Outlook

gbp/jpy-day-by-day-outlook

20 Mar: GBP/JPY Day by day Outlook

Daily Pivots: (S1) 190.32; (P) 191.24; (R1) 192.84; More….. GBP/JPY’s up trend resumed by breaking through 191.29 resistance and there is no sign of topping yet. Intraday bias remains on the upside for 61.8% projection of 178.32 to 191.29 from 187.94 at 195.95, which is close to 195.86 long term resistance. On the downside, below

gbp/jpy-each-day-outlook

19 Mar: GBP/JPY Each day Outlook

Daily Pivots: (S1) 189.55; (P) 189.86; (R1) 190.17; More….. GBP/JPY’s rally from 187.94 accelerates higher today and intraday bias stays on the upside. Decisive break of 191.29 will confirm resumption of larger up trend. Next near term target will be 61.8% projection of 178.32 to 191.29 from 187.94 at 195.95, which is close to 195.86

gbp/jpy-every-day-outlook

18 Mar: GBP/JPY Every day Outlook

Daily Pivots: (S1) 188.94; (P) 189.49; (R1) 190.38; More….. Intraday bias in GBP/JPY remains on the upside at this point. Correction from 191.29 should have completed at 187.94 already. Further rise should be seen to retest 191.29 high first. Decisive break there will bring larger up trend resumption. On the downside, below 188.56 minor support

gbp/jpy-weekly-outlook

16 Mar: GBP/JPY Weekly Outlook

GBP/JPY’s break of 189.69 minor resistance suggests that correction from 191.29 has completed at 187.94 already. Initial bias is back on the upside for retesting 191.29 high first. Decisive break there will bring larger up trend resumption. On the downside, break of 187.94 will resume the correction to 38.2% retracement of 178.32 to 191.29 at

gbp/jpy-each-day-outlook

15 Mar: GBP/JPY Each day Outlook

Daily Pivots: (S1) 188.65; (P) 189.09; (R1) 189.57; More….. Intraday bias in GBP/JPY remains neutral for the moment. On the downside, below 187.94 will resume the decline from 191.29 to 38.2% retracement of 178.32 to 191.29 at 186.33. Sustained break there will raise the chance of larger scale correction and target 61.8% retracement at 183.27.

gbp/jpy-each-day-outlook

14 Mar: GBP/JPY Each day Outlook

Daily Pivots: (S1) 188.48; (P) 189.02; (R1) 189.61; More….. Outlook in GBP/JPY remains unchanged and intraday bias stays neutral. On the downside, below 187.94 will resume the decline from 191.29 to 38.2% retracement of 178.32 to 191.29 at 186.33. Sustained break there will raise the chance of larger scale correction and target 61.8% retracement at

gbp/jpy-every-day-outlook

13 Mar: GBP/JPY Every day Outlook

Daily Pivots: (S1) 188.20; (P) 188.70; (R1) 189.42; More….. Intraday bias in GBP/JPY stays neutral for the moment. On the downside, below 187.94 will resume the decline from 191.29 to 38.2% retracement of 178.32 to 191.29 at 186.33. Sustained break there will raise the chance of larger scale correction and target 61.8% retracement at 183.27.