Daily Pivots: (S1) 188.76; (P) 189.18; (R1) 189.96; More…

GBP/JPY is staying in consolidation above 184.35 and intraday bias stays neutral. Risk will remain on the downside as long as 190.06 resistance holds. Below 184.35 will target 180.00 low. Nevertheless, break of 190.06 will turn bias back to the upside for stronger rebound.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 187.10; (P) 188.16; (R1) 189.72; More…

Intraday bias in GBP/JPY remains neutral as consolidation continues above 184.35. Risk will stay on the downside as long as 190.06 resistance holds. Below 184.35 will target 180.00 low. Nevertheless, break of 190.06 will turn bias back to the upside for stronger rebound.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 186.52; (P) 187.36; (R1) 188.71; More…

GBP/JPY is staying in consolidations above 184.35 and intraday bias remains neutral for now. Risk will stay on the downside as long as 190.06 resistance holds. Below 184.35 will target 180.00 low. Nevertheless, break of 190.06 will turn bias back to the upside for stronger rebound.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

GBP/JPY’s decline from 199.79 resumed last week and fell to 184.35, but then recovered. Initial bias stays neutral this week first and some more consolidations would be seen. Risk will stay on the downside as long as 190.06 resistance holds. Below 184.35 will target 180.00 low. Nevertheless, break of 190.06 will turn bias back to the upside for stronger rebound.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

In the longer term picture, while a medium term top was formed at 208.09 (2024 high), it’s still early to conclude that the up trend from 122.75 (2016 low) has completed. But GBP/JPY is at least in a medium term corrective phase, with risk of correction to 55 M EMA (now at 175.14).

Daily Pivots: (S1) 185.94; (P) 187.77; (R1) 189.19; More…

Intraday bias in GBP/JPY remains neutral for the moment. Risk will stay mildly on the downside as long as 55 4H EMA (now at 189.56) holds. Break of 184.35 will resume the whole fall from 199.79. Nevertheless, sustained trading above 55 4H EMA will bring stronger rally back to 195.95 resistance instead.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 185.88; (P) 187.41; (R1) 188.28; More…

Intraday bias in GBP/JPY is turned neutral first with current recovery. Risk will stay mildly on the downside as long as 55 4H EMA (now at 189.93) holds. Break of 184.35 will resume the whole fall from 199.79. Nevertheless, sustained trading above 55 4H EMA will bring stronger rally back to 195.95 resistance instead.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 1.2713; (P) 1.2764; (R1) 1.2815; More…

Intraday bias in GBP/JPY is turned neutral first with current recovery. Some consolidations would be seen but risk will stay on the downside with 1.2933 minor resistance intact. Break of 1.2706 will resume the decline from 1.3206 to 61.8% retracement of 1.2099 to 1.3206 at 1.2522. Nevertheless, firm break of 1.2933 will bring stronger rebound back to retest 1.3206 high.

In the bigger picture, price actions from 1.3433 are seen as a corrective pattern to the up trend from 1.3051 (2022 low). Rise from 1.2099 could be the second leg. Overall, GBP/USD should target 1.4248 key resistance (2021 high) on break of 1.3433 at a later stage.

Daily Pivots: (S1) 185.88; (P) 187.41; (R1) 188.28; More…

GBP/JPY’s fall resumed after brief recovery and intraday bias is back on the downside. Current decline should target 100% projection of 198.94 to 187.04 from 195.95 at 184.05. On the upside, above 188.72 will turn intraday bias neutral again. But after all, risk will stay on the downside as long as 55 4H EMA (now at 190.52) holds.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 186.28; (P) 188.19; (R1) 190.24; More…

Intraday bias in GBP/JPY is turned neutral with a temporary low formed at 186.06. Stronger recovery might be seen but risk will stay on the downside as long as 55 4H EMA (now at 191.45) holds. Below 186.06 will resume recent fall to 100% projection of 198.94 to 187.04 from 195.95 at 184.05.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 187.60; (P) 189.68; (R1) 191.82; More…

Intraday bias in GBP/JPY remains on the downside for the moment. Break of 187.04 support indicates decline from 199.79 is resuming. Next target is 100% projection of 198.94 to 187.04 from 195.95 at 184.05. On the upside, above 190.27 minor resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

GBP/JPY’s steep decline last week indicates that rebound from 187.04 has completed with three waves up to 195.95. Initial bias stays on the downside this week. Break of 187.04 will resume the whole fall from 199.79. Next target is 100% projection of 198.94 to 187.04 from 195.95 at 184.05. On the upside, above 190.62 minor resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

In the longer term picture, while a medium term top was formed at 208.09 (2024 high), it’s still early to conclude that the up trend from 122.75 (2016 low) has completed. But GBP/JPY is at least in a medium term corrective phase, with risk of correction to 55 M EMA (now at 174.68).

Daily Pivots: (S1) 190.32; (P) 192.20; (R1) 193.26; More…

Break of 192.00 support suggests that GBP/JPY rebound from 107.04 has completed at 195.95. Intraday bias is back on the downside for 188.77 support first. Break there target 187.04. Overall, corrective pattern from 180.00 is still extending. Another rise might still be seen as long as 187.04 support holds.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 192.90; (P) 194.35; (R1) 195.70; More…

No change in GBP/JPY’s outlook as it stays in range below 195.95. Intraday bias remains neutral. On the upside, break of 195.95 will extend the rally from 187.04 once again, to 198.94 resistance. However, firm break of 192.00 support will turn bias back to the downside for deeper fall. Overall, corrective pattern from 180.00 is still extending.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 192.40; (P) 193.17; (R1) 194.13; More…

Intraday bias in GBP/JPY stays neutral as range trading continues. On the upside, break of 195.95 will extend the rally from 187.04 once again, to 198.94 resistance. However, firm break of 192.00 support will turn bias back to the downside for deeper fall. Overall, corrective pattern from 180.00 is still extending.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 192.96; (P) 193.49; (R1) 194.24; More…

No change in GBP/JPY’s outlook and intraday bias stays neutral. On the upside, break of 195.95 will extend the rally from 187.04 once again, to 198.94 resistance. However, firm break of 192.00 support will turn bias back to the downside for deeper fall. Overall, corrective pattern from 180.00 is still extending.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 193.17; (P) 194.47; (R1) 195.20; More…

Intraday bias in GBP/JPY remains neutral at this point. On the upside, break of 195.95 will extend the rally from 187.04 once again, to 198.94 resistance. However, firm break of 192.00 support will turn bias back to the downside for deeper fall. Overall, corrective pattern from 180.00 is still extending.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

GBP/JPY’s rise from 187.04 resumed last week, but retreated after hitting 195.95. Initial bias is turned neutral this week first. On the upside, break of 195.95 will extend the rally once again, to 198.94 resistance. However, firm break of 192.00 support will turn bias back to the downside for deeper fall. Overall, corrective pattern from 180.00 is still extending.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

In the longer term picture, while a medium term top was formed at 208.09 (2024 high), it’s still early to conclude that the up trend from 122.75 (2016 low) has completed. But GBP/JPY is at least in a medium term corrective phase, with risk of correction to 55 M EMA (now at 174.68).

Daily Pivots: (S1) 194.07; (P) 195.03; (R1) 196.54; More…

GBP/JPY’s rebound from 187.04 resumed by breaking through 194.97 temporary top. Intraday bias is back on the upside for 198.94 resistance. For now, further rally is in favor as long as long as 193.44 support holds, in case of retreat. Overall, corrective pattern from 180.00 is still extending.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 193.45; (P) 194.12; (R1) 194.77; More…

Intraday bias in GBP/JPY remains neutral at this point. On the upside, above 194.97 will resume the rebound from 187.04 towards 198.94 resistance. On the downside, break of 192.00 support will turn bias back to the downside for 188.77 support. Overall, corrective pattern from 180.00 is still be extending.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 193.46; (P) 194.24; (R1) 194.84; More…

Range trading continues below 194.89 in GBP/JPY and intraday bias stays neutral. On the upside, above 194.89 will resume the rebound from 187.04 towards 198.94 resistance. On the downside, break of 190.71 will bring deeper fall back to 187.04 support. Overall, corrective pattern from 180.00 is still be extending.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.