Daily Pivots: (S1) 183.31; (P) 184.04; (R1) 184.46; More…

Intraday bias in GBP/JPY stays mildly on the downside for the moment. Fall from 186.75 short term top is in progress for 55 D EMA (now at 181.16). For now, risk will remain on the downside as long as 186.75 resistance holds, in case of recovery.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 195.86 (2015 high). This will now remain the favored case as long as 176.29 support holds, even in case of deeper pull back.

Daily Pivots: (S1) 183.16; (P) 184.55; (R1) 185.74; More…

Intraday bias in GBP/JPY stays on the downside at this point. Fall from 186.75 short term top is in progress for 55 D EMA (now at 180.84). For now, risk will remain on the downside as long as 186.75 resistance holds, in case of recovery.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 195.86 (2015 high). This will now remain the favored case as long as 176.29 support holds, even in case of deeper pull back.

Daily Pivots: (S1) 185.27; (P) 186.02; (R1) 186.50; More…

GBP/JPY’s steep fall and break of 184.53 minor support suggests that a short term top was in place at 186.75. Intraday bias is back on the downside for 55 D EMA (now at 180.84). For now, risk will remain on the downside as long as 186.75 resistance holds, in case of recovery.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 195.86 (2015 high). This will now remain the favored case as long as 176.29 support holds, even in case of deeper pull back.

Daily Pivots: (S1) 185.41; (P) 186.04; (R1) 187.18; More…

Prior breach of 186.45 indicates that GBP/JPY is resuming the larger up trend. Intraday bias is back on the upside. Next target is 61.8% projection of 158.24 to 183.99 from 176.29 at 192.20. On the downside, however, break of 184.53 support should now indicate short term topping, and turn bias back to the downside for deeper correction.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 195.86 (2015 high). This will now remain the favored case as long as 176.29 support holds, even in case of deeper pull back.

Daily Pivots: (S1) 184.50; (P) 185.22; (R1) 185.89; More…

Intraday bias in GBP/JPY is turned neutral first with today’s recovery. On the upside, decisive break of 186.45 will resume larger up trend to 61.8% projection of 158.24 to 183.99 from 176.29 at 192.20. On the downside, below 184.53 will bring another corrective fall to 183.23 resistance turned support, and possibly below.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 195.86 (2015 high). This will now remain the favored case as long as 176.29 support holds, even in case of deeper pull back.

Daily Pivots: (S1) 184.50; (P) 185.22; (R1) 185.89; More…

Intraday bias in GBP/JPY stays mildly on the downside at this point. Pull back from 186.45 would target 183.23 resistance turned support. Nevertheless, on the upside, break 186.45 will resume larger up trend to 61.8% projection of 158.24 to 183.99 from 176.29 at 192.20.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 195.86 (2015 high). This will now remain the favored case as long as 176.29 support holds, even in case of deeper pull back.

GBP/JPY edged higher to 186.45 last week but retreated since then. Initial bias is mildly on the downside this week, for pull back to 183.23 resistance turned support. Nevertheless, break 186.45 will resume larger up trend to 61.8% projection of 158.24 to 183.99 from 176.29 at 192.20.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 195.86 (2015 high). This will now remain the favored case as long as 176.29 support holds, even in case of deeper pull back.

In the longer term picture, rise from 122.75 (2016 low) in still in progress to retest 195.86 (2015 high). Based on current momentum, break of 195.86 is in favor. But strong resistance could still be seen from 61.8% retracement of 251.09 (2007 high) to 116.83 (2011 low) at 199.80 to limit upside on first attempt.

Daily Pivots: (S1) 185.52; (P) 185.99; (R1) 186.41; More…

Intraday bias in GBP/JPY is turned neutral with current retreat. Firm break of 184.67 minor support will suggests that deeper pull back in underway to 55 D EMA (now at 180.44). Nevertheless, break 186.45 will resume larger up trend to 61.8% projection of 158.24 to 183.99 from 176.29 at 192.20.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 195.86 (2015 high). This will now remain the favored case as long as 176.29 support holds, even in case of deeper pull back.

Daily Pivots: (S1) 185.24; (P) 185.80; (R1) 186.90; More…

GBP/JPY’s rally continues today and intraday bias stays on the upside. Current up trend should extend to 61.8% projection of 158.24 to 183.99 from 176.29 at 192.20. On the downside, below 184.67 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 195.86 (2015 high). This will now remain the favored case as long as 176.29 support holds, even in case of deeper pull back.

Daily Pivots: (S1) 184.42; (P) 184.88; (R1) 185.40; More…

Intraday bias in GBP/JPY remains on the upside for the moment. Current up trend should extend to 61.8% projection of 158.24 to 183.99 from 176.29 at 192.20. On the downside, below 183.44 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 195.86 (2015 high). This will now remain the favored case as long as 176.29 support holds, even in case of deeper pull back.

Daily Pivots: (S1) 183.84; (P) 184.29; (R1) 185.12; More…

GBP/JPY’s rally continues today and intraday bias stays on the upside. Current up trend should extend to 61.8% projection of 158.24 to 183.99 from 176.29 at 192.20. On the downside, below 183.44 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 195.86 (2015 high). This will now remain the favored case as long as 176.29 support holds, even in case of deeper pull back.

Daily Pivots: (S1) 183.55; (P) 183.89; (R1) 184.38; More…

Intraday bias in GBP/JPY remains on the upside at this point. Sustained break of 183.99 will confirm larger up trend resumption. Next target is 61.8% projection of 158.24 to 183.99 from 176.29 at 192.20. For now, near term outlook will stay bullish as long as 180.41 support holds, in case of retreat.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 195.86 (2015 high). This will now remain the favored case as long as 176.29 support holds, even in case of deeper pull back.

GBP/JPY’s rally resumed last week and it’s now pressing 183.99 high. Initial bias remains on the upside this week. Sustained break of 183.99 will confirm larger up trend resumption. Next target is 61.8% projection of 158.24 to 183.99 from 176.29 at 192.20. For now, near term outlook will stay bullish as long as 180.41 support holds, in case of retreat.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 195.86 (2015 high). This will now remain the favored case as long as 176.29 support holds, even in case of deeper pull back.

In the longer term picture, rise from 122.75 (2016 low) in still in progress to retest 195.86 (2015 high). Based on current momentum, break of 195.86 is in favor. But strong resistance could still be seen from 61.8% retracement of 251.09 (2007 high) to 116.83 (2011 low) at 199.80 to limit upside on first attempt.

Daily Pivots: (S1) 182.70; (P) 183.47; (R1) 184.26; More…

Intraday bias in GBP/JPY stays on the upside at this point. Decisive break of 183.99 will confirm larger up trend resumption. Next target is 61.8% projection of 158.24 to 183.99 from 176.29 at 192.20. For now, near term outlook will stay bullish as long as 180.41 support holds, in case of retreat.

In the bigger picture, as long as 172.11 resistance turned support holds, up trend from 123.94 (2020 low) is expected to continue through 183.99 at a later stage, towards 195.86 (2015 high). Nevertheless, firm break of 172.11 will argue that larger correction is already underway.

Daily Pivots: (S1) 182.45; (P) 182.73; (R1) 183.09; More…

GBP/JPY’s rally is trying to resume and intraday bias is back on the upside. Decisive break of 183.99 will confirm larger up trend resumption. Next target is 61.8% projection of 158.24 to 183.99 from 176.29 at 192.20. For now, near term outlook will stay bullish as long as 180.41 support holds, in case of retreat.

In the bigger picture, as long as 172.11 resistance turned support holds, up trend from 123.94 (2020 low) is expected to continue through 183.99 at a later stage, towards 195.86 (2015 high). Nevertheless, firm break of 172.11 will argue that larger correction is already underway.

Daily Pivots: (S1) 181.81; (P) 182.38; (R1) 183.38; More…

Intraday bias in GBP/JPY stays neutral at this point. On the upside, decisive break of 183.99 high will resume larger up trend. Nevertheless, break of 180.41 will turn bias to the downside, to bring another fall to extend the corrective pattern from 183.99.

In the bigger picture, as long as 172.11 resistance turned support holds, up trend from 123.94 (2020 low) is expected to continue through 183.99 at a later stage, towards 195.86 (2015 high). Nevertheless, firm break of 172.11 will argue that larger correction is already underway.

Daily Pivots: (S1) 181.10; (P) 181.64; (R1) 182.70; More…

Intraday bias in GBP/JPY is turned neutral with current recovery. On the upside, decisive break of 183.99 high will resume larger up trend. Nevertheless, break of 180.41 will turn bias to the downside, to bring another fall to extend the corrective pattern from 183.99.

In the bigger picture, as long as 172.11 resistance turned support holds, up trend from 123.94 (2020 low) is expected to continue through 183.99 at a later stage, towards 195.86 (2015 high). Nevertheless, firm break of 172.11 will argue that larger correction is already underway.

Daily Pivots: (S1) 180.36; (P) 181.05; (R1) 181.45; More…

Intraday bias in GBP/JPY stays mildly on the downside at this point. Fall from 183.23 could be another leg in the corrective pattern from 183.99. Deeper decline would be seen back towards 176.29 support. Nevertheless, on the upside, decisive break of 183.99 will resume larger up trend.

In the bigger picture, as long as 172.11 resistance turned support holds, up trend from 123.94 (2020 low) is expected to continue through 183.99 at a later stage, towards 195.86 (2015 high). Nevertheless, firm break of 172.11 will argue that larger correction is already underway.

GBP/JPY failed to break through 183.99 resistance last week and reversed after hitting 183.23. Initial bias is mildly on the downside this week, to extend the corrective pattern from 183.99, back towards 176.29 support. On the upside, decisive break of 183.99 will resume larger up trend.

In the bigger picture, as long as 172.11 resistance turned support holds, up trend from 123.94 (2020 low) is expected to continue through 183.99 at a later stage, towards 195.86 (2015 high). Nevertheless, firm break of 172.11 will argue that larger correction is already underway.

In the longer term picture, rise from 122.75 (2016 low) in still in progress to retest 195.86 (2015 high). Based on current momentum, break of 195.86 is in favor. But strong resistance could still be seen from 61.8% retracement of 251.09 (2007 high) to 116.83 (2011 low) at 199.80 to limit upside on first attempt.

Daily Pivots: (S1) 180.15; (P) 181.45; (R1) 182.44; More…

Intraday bias in GBP/JPY stays neutral first. Firm break of 180.85 will extend the corrective pattern from 183.99 with another falling leg. Intraday bias will be turned to the downside for 176.22 support. On the upside, decisive break of 183.99 will resume larger up trend.

In the bigger picture, as long as 172.11 resistance turned support holds, up trend from 123.94 (2020 low) is expected to continue through 183.99 at a later stage, towards 195.86 (2015 high). Nevertheless, firm break of 172.11 will argue that larger correction is already underway.