GBP/JPY Daily Outlook

Daily Pivots: (S1) 0.8598; (P) 0.8609; (R1) 0.8623; More… Intraday bias in EUR/GBP remains neutral for the moment. Further decline is in favor with 0.8638 minor resistance intact. On the downside, break of 0.8585 will resume the fall from 0.8713 to 0.8548 support first. Break there will target 0.8491 low next. However, break of 0.8638 […]

Daily Pivots: (S1) 0.8363; (P) 0.8381; (R1) 0.8407; More… Intraday bias in EUR/GBP stays neutral at this point. Also, near term outlook remains bearish. On the downside, break of 0.8309 will resume larger down trend to 0.8201 key support next. However, decisive break of 38.2% retracement of 0.8624 to 0.8309 at 0.8429 will pave the […]

Daily Pivots: (S1) 0.9359; (P) 0.9373; (R1) 0.9398; More…. No change in EUR/CHF’s outlook as range trading continues. Intraday bias remains neutral at this point. On the downside, break of 0.9332 will resume the fall from 0.9579 towards 0.9209 low. On the upside, break of 0.9506 will turn intraday bias to the upside for 0.9579 […]