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Daily Pivots: (S1) 1.2623; (P) 1.2674; (R1) 1.2719; More… GBP/USD’s fall from 1.3433 is still in progress and intraday bias stays on the downside. Next target is 100% projection of 1.3433 to 1.2842 to 1.3047 at 1.2456. On the upside, above 1.2768 minor resistance will turn intraday bias neutral first. But outlook will stay bearish […]

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GBP/JPY Daily Outlook

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23/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.46; (P) 191.08; (R1) 191.84; More.. No change in GBP/JPY’s outlook. Intraday bias stays neutral as consolidations from 193.51 could extend further. On the upside, firm break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 190.02 will indicate that it’s at least correcting the […]
09/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 183.18; (P) 183.72; (R1) 184.41; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, sustained break of 184.15 resistance will argue that whole pull back from 188.63 has completed and bring further rally to retest this high. However, break of 181.73 minor support will indicate rejection by 184.15, […]
08/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2554; (P) 1.2584; (R1) 1.2622; More… Intraday bias in GBP/USD is turned neutral with current recovery. Risk will stay on the downside as long as 1.2731 resistance holds. Below 1.3543 will resume the fall from 1.2731 to 55 D EMA (now at 1.2437). Nevertheless, firm break of 1.2731 will resume the rise […]