GBP/JPY Daily Outlook

Daily Pivots: (S1) 0.8666; (P) 0.8707; (R1) 0.8768; More…. Intraday bias in USD/CHF is turned neutral first as it retreated after hitting 0.8747. On the upside, sustained break of 38.2% retracement of 0.9223 to 0.8431 at 0.8734 will extend the rebound from 0.8431 to 61.8% retracement at 0.8920, even as a corrective move. On the […]

Daily Pivots: (S1) 0.8391; (P) 0.8401; (R1) 0.8419; More…. EUR/GBP recovered quickly after dipping to 0.8392 and intraday bias remains neutral. Further decline is in favor. But considering bullish convergence condition in 4H MACD, downside could be contained by 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360 on first attempt. On the upside, […]

GBP/USD rebound strongly after drawing support from 1.2611 last week. Initial bias is now on the upside this week for retesting 1.2826 first. Decisive break there will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions from 1.3141 […]