GBP/JPY Weekly Outlook

Range trading continued in GBP/JPY last week and outlook is unchanged. Initial bias remains neutral this week and consolidations from 193.51 could extend. On the upside, firm break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 190.02 will indicate that it’s at least correcting the rise from […]

EUR/GBP’s fall from 0.8764 resumed through 0.8548 last week. While downside momentum is a bit unconvincing, further decline is expected with 0.8563 resistance intact. Next target is 0.8491 low and break will resume larger down trend to 0.8464 projection level. On the upside, above 0.8563 minor resistance will turn intraday bias neutral and bring consolidations […]

EUR/JPY’s up trend continued to 174.50 last week but turned sideway since then. Initial bias is neutral this week for some more consolidations first. On the upside, firm break of 174.50 will target 138.2% projection of 164.01 to 170.87 from 167.52 at 177.00. On the downside, however, break of 173.07 will turn bias to the […]