The pair reversed to the downside, attempting to breach the 120.80 retest level. Now, there is a bearish technical pattern with neckline at 120.45, breaching this level opens the door toward 119.10. ...
Daily Pivots: (S1) 120.48; (P) 121.09; (R1) 121.73;We're still favoring the case that GBP/JPY's corrective rise from 116.83 has finished at 122.63 already. Hence we're expecting fall from 122.63 to ...
GBP/JPYYesterday, I estimated that the pound reached levels, which were potential for reversing-up against the USD. The reversal did occur and the pound is looking strong. In addition, the trade idea ...
Failure to hold break under 120.34 warns of fresh strength.GBP/JPY saw a minor break under 120.34 which failed to hold yesterday. This is suggestive of the potential for a further recovery leg higher ...
Daily Pivots: (S1) 119.92; (P) 120.74; (R1) 121.50;The break of 120.33 minor support suggests that corrective rise from 116.83 is already finished at 112.63 already. In spite of the current recovery, ...
Trading settled below 120.80 with daily closing, and this supports our expectations for an intraday downside move for today. The pair is fluctuating around the 50 EMA, while Stochastic is loosing ...
Daily Pivots: (S1) 120.28; (P) 121.45; (R1) 122.10;A temporary top is formed at 122.63 in GBP/JPy and intraday bias is turned neutral. On the downside, below 120.33 minor support will argue that ...
The pair reversed to the downside after touching the resistance of the main descending channel as shown on image and touched the retest level at the previously breached neckline for the bullish ...
Daily Pivots: (S1) 121.16; (P) 121.88; (R1) 122.82;With 120.33 minor support intact, rebound from 116.96 is still in progress and further rise would be seen to 161.8% projection of 116.83 to 120.78 ...
The pair touched the awaited retest level at 121.80 and attempting to rebound again, therefore, our morning scenario is activated and remains valid so long as the aforementioned level remains ...