GBP/JPY Weekly Outlook

While EUR/CHF’s recovery from 0.9476 extended higher last week, outlook stays bearish with 0.9683 resistance intact. Initial bias remains neutral this week first. On the downside, below 0.9560 minor support will suggest that the rebound has completed and bring retest of 0.9476. Further break there and and sustained trading below 61.8% retracement of 0.9252 to […]

Daily Pivots: (S1) 0.8555; (P) 0.8570; (R1) 0.8578; More… Intraday bias in EUR/GBP stays neutral as range trading continues. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, […]

EUR/USD’s fall from 1.1138 resumed to 1.0843 last week, then recovered. Initial bias stays neutral this week for some consolidations. But further decline is expected as long as 1.0995 resistance holds. Below 1.0843 will target 1.0722 support next. Decisive break there will argue that whole rise from 1.0447 has completed, and target this low. In […]