Daily Pivots: (S1) 141.38; (P) 141.82; (R1) 142.10; More…

Intraday bias in GBP/JPY remains on the upside for 142.71 resistance. Decisive break there will resume whole rally from 123.94 for 147.95 key resistance. On the downside, break of 140.31 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 141.01; (P) 141.52; (R1) 142.29; More…

GBP/JPY’s rally is still in progress and reaches as high as 142.23 so far today. Intraday bias remains on the upside for 1442.71 high. Decisive break there will resume whole rally from 123.94 for 147.95 key resistance. On the downside, break of 140.31 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 140.44; (P) 140.75; (R1) 141.17; More…

GBP/JPY’s rise resumed after brief retreat, after drawing support from 4 hour 55 EMA. Intraday bias is back on the upside for 141.71 high. Decisive break there will resume whole rally from 123.94 for 147.95 key resistance. On the downside, break of 140.31 will suggest rejection by 141.71, and turn bias back to the downside for 136.96 support.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 140.44; (P) 140.75; (R1) 141.17; More…

Intraday bias in GBP/JPY remains neutral for the moment. Another rise is in favor as long as 139.48 support holds. Above 141.34 will target a test on 141.71 high. On the downside, though, break of 139.48 support will be the first sign of short term reversal. Intraday bias will be turned to the downside for 136.96 support instead.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 140.69; (P) 141.03; (R1) 141.32; More…

Intraday bias in GBP/JPY is turned neutral with today’s retreat. Another rise is in favor as long as 139.48 support holds. Above 141.34 will target a test on 141.71 high. On the downside, though, break of 139.48 support will be the first sign of short term reversal. Intraday bias will be turned to the downside for 136.96 support instead.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

GBP/JPY’s late breach of 141.28 resistance last week suggests that choppy rise from 133.03 is resuming. Initial bias is cautiously on the upside this week, for retesting 141.71 high. On the downside, through, break of 139.48 support will be the first sign of short term reversal. Intraday bias will be turned to the downside for 136.96 support instead.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

In the longer term picture, repeated rejection by 55 month EMA indicate long term bearishness in the cross. Down trend from 251.09 (2007 high) should eventually resume through 122.75 to 116.83 (2011 low) and below. However, sustained break of 55 month EMA (now at 143.38) will dampen this view and could open up further rise back to 195.86 (2015 high).

Daily Pivots: (S1) 140.25; (P) 140.63; (R1) 141.14; More.,.

GBP/JPY is still staying below 141.28 resistance and intraday bias remains neutral first. With 139.44 minor support intact, another rise is mildly in favor. On the upside, break of 141.28 will extend the choppy rise from 133.03 to retest 141.71 high. However, below 139.44 minor support will be the first sign of short term reversal. Intraday bias will be turned to the downside for 136.96 support instead.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 139.83; (P) 140.21; (R1) 140.62; More.,.

GBP/JPY is still holding inside range of 139.44/141.18 and intraday bias remains neutral first. With 139.44 minor support intact, another rise is mildly in favor. On the upside, break of 141.28 will extend the choppy rise from 133.03 to retest 141.71 high. However, below 139.44 minor support will be the first sign of short term reversal. Intraday bias will be turned to the downside for 136.96 support instead.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 139.60; (P) 139.88; (R1) 140.23; More.,.

Intraday bias in GBP/JPY remains neutral for consolidation below 141.28 temporary top. But another rise is in favor with 139.44 minor support intact. On the upside, break of 141.28 will extend the choppy rise from 133.03 to retest 141.71 high. However, below 139.44 minor support will be the first sign of short term topping. Intraday bias will be turned to the downside for 136.96 support instead.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 139.30; (P) 140.31; (R1) 140.91; More.,.

A temporary top was formed in 141.28 in GBP/JPY and intraday bias is turned neutral first. On the upside, break of 141.28 will extend the choppy rise from 133.03 to retest 141.71 high. However, below 139.44 minor support will be the first sign of short term topping. Intraday bias will be turned to the downside for 136.96 support instead.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 138.27; (P) 139.77; (R1) 140.76; More…

Intraday bias in GBP/JPY remains on the upside and further rise is expected. Current choppy rise from 133.03 should target a test on 141.71 high. Though, break of 136.96 will will turn near term outlook bearish for deeper fall.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 139.57; (P) 139.87; (R1) 140.16; More…

No change in GBP/JPY’s outlook as further rise is mildly in favor with 136.96 support intact. Choppy rise from 133.03 should target a test on 141.71 high. Though, break of 136.96 will will turn near term outlook bearish for deeper fall.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 139.22; (P) 139.90; (R1) 140.32; More…

Further rise is mildly in favor in GBP/JPY at this point, with 136.96 support intact. Choppy rise from 133.03 should target a test on 141.71 high. Though, break of 136.96 will will turn near term outlook bearish for deeper fall.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 135.23; (P) 138.24; (R1) 141.20; More…

GBP/JPY’s break of 140.70 suggests resumption of whole choppy rise from 133.03. Intraday bias is back on the upside for retesting 141.71 high. For now, outlook will remain cautiously bullish as long as 136.96 support holds, in case of retreat.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 137.51; (P) 138.51; (R1) 140.06; More…

Intraday bias in GBP/JPY remains neutral for more consolidative range trading. On the upside, firm break of 140.70 will resume the choppy rebound from 133.03 for retesting 141.71 high. On the downside, though, break of 136.78 will turn bias to the downside for 134.40 support first.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 137.51; (P) 138.51; (R1) 140.06; More…

Range trading continues in GBP/JPY and intraday bias remains neutral for the moment. On the upside, firm break of 140.70 will resume the choppy rebound from 133.03 for retesting 141.71 high. On the downside, though, break of 136.78 will turn bias to the downside for 134.40 support first.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 139.09; (P) 139.70; (R1) 140.09; More…

GBP/JPY drops sharply today but stays in range of 136.78/140.70. Intraday bias remains neutral first. On the upside, firm break of 140.70 will resume the choppy rebound from 133.03 for retesting 141.71 high. On the downside, though, break of 136.78 will turn bias to the downside for 134.40 support first.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

GBP/JPY rebounded strongly last week but failed to break through 140.70 resistance. Initial bias remains neutral this week first. On the upside, firm break of 140.70 will resume the choppy rebound from 133.03 for retesting 141.71 high. On the downside, though, break of 136.78 will turn bias to the downside for 134.40 support first.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

In the longer term picture, repeated rejection by 55 month EMA indicate long term bearishness in the cross. Down trend from 251.09 (2007 high) should eventually resume through 122.75 to 116.83 (2011 low) and below. However, sustained break of 55 month EMA (now at 143.38) will dampen this view and could open up further rise back to 195.86 (2015 high).

Daily Pivots: (S1) 139.56; (P) 140.01; (R1) 140.43; More…

GBP/JPY is still bounded in range below 140.70 and intraday bias remains neutral first. On the upside, break of 140.70 will resume the choppy rise from 133.03. Next target is 142.71 resistance. On the downside, break of 136.78 support will extend the pattern from 142.71 with a third leg. Deeper fall would be seen to 134.40 support next.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.

Daily Pivots: (S1) 139.23; (P) 139.64; (R1) 140.14; More…

Intraday bias in GPB/JPY remains neutral for the moment. On the downside, break of 136.78 will extend the pattern from 142.71 with a third leg. Deeper fall would be seen to 134.40 support next. On the upside, break of 140.70 will invalidate this view and extend the rebound from 133.03.

In the bigger picture, rise from 123.94 is seen as a rising leg of the sideway consolidation pattern from 122.75 (2016 low). As long as 147.95 resistance holds, an eventual downside breakout remains in favor. However, firm break of 147.95 will raise the chance of long term bullish reversal. Focus will then be turned to 156.59 resistance for confirmation.