GBP/JPY Daily Outlook

EUR/GBP rebounded strongly after initial dip to 0.8309 last week. But upside was capped by 38.2% retracement of 0.8624 to 0.8309 at 0.8429. Initial bias stays neutral this week and outlook remains bearish. On the downside, break of 0.8309 will resume larger down trend to 0.8201 key support next. However, decisive break of 38.2% retracement […]

Daily Pivots: (S1) 0.8983; (P) 0.9012; (R1) 0.9031; More… USD/CHF is staying consolidation below 0.9049 and intraday bias remains neutral. Further rise is mildly in favor as long as 0.8956 support holds. Above 0.9049 will affirm the case that corrective fall from 0.9223 has completed at 0.8825. Further rally would then be seen to 0.9157 […]

Daily Pivots: (S1) 0.8593; (P) 0.8607; (R1) 0.8623; More… Intraday bias in EUR/GBP stays mildly on the upside at this point, and further rally could be seen to 0.8643 resistance. Firm break there will resume the choppy rebound from 0.8497 low. On the downside, below 0.8585 minor support will argue that rebound from 0.8529 has […]