GBP/JPY Daily Outlook

Daily Pivots: (S1) 0.8545; (P) 0.8570; (R1) 0.8584; More… While EUR/GBP recovers ahead of 0.8548, further decline is still expected with 0.8619 resistance intact. Firm break of 0.8548 will argue that larger down trend is ready to resume through 0.8491 low. However, break of 0.8619 will dampen this view and turn bias back to the […]

EUR/JPY edged higher to 164.89 last week but retreated sharply from there. But overall outlook is unchanged that corrective pattern from 154.40 is still extending. Initial bias remains neutral this week first. Above 163.30 minor resistance will bring retest of 164.89 first. Break there will target 166.67 resistance next. In the bigger picture, price actions […]

Daily Pivots: (S1) 0.6483; (P) 0.6515; (R1) 0.6543; More… AUD/USD’s fall from 0.6798 resumed by falling through 0.6479 temporary low and intraday bias is back on the downside. 0.6361 support is already breached but there is not sign of bottoming yet. Deeper decline could be seen to 0.6269 support next. On the upside, above 0.6479 […]