GBP/JPY Daily Outlook

AUD/USD’s decline last week indicates short term topping at 0.6870, on bearish divergence condition in 4H MACD. Further decline will remain mildly in favor as long as 0.6759 minor resistance holds, to 55 D EMA (now at 0.6612). Nevertheless, break of 0.6759 will turn bias back to the upside for retesting 0.6870 instead. In the […]

Daily Pivots: (S1) 145.40; (P) 147.59; (R1) 148.76; More… Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 161.94 should target 140.25 support next. On the upside, above 146.40 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another fall. In the bigger picture, the strong […]

Daily Pivots: (S1) 0.6609; (P) 0.6637; (R1) 0.6678; More… AUD/USD’s rally is still in progress and intraday bias stays on the upside. Sustained break of channel resistance (now at 0.6663) will argue that whole decline from 0.7156 has completed with three waves down to 0.6269. Further rally should then be seen to 0.6894 resistance for […]