Tag Archives: GBP/JPY

Daily Currency Outlook: GPB/JPY And EUR/JPY: May 8, 2013

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.69; (P) 153.58; (R1) 154.17;Within 4 hours, the MACD crossed below signal line. A temporary top has formed, and intraday bias has turned neutral. As long as 150.74 holds, further rally is still expected. Above … Continue reading

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Neutral Intraday Bias In GPB/JPY, EUR/JPY Losing Momentum: May 23, 2013

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.49; (P) 155.30; (R1) 156.05;The intraday bias in the GBP/JPY remains neutral for now, while the as consolidation from 156.77 continues. Another retreat could be seen, but downside should be contained by 153.26 support, and … Continue reading

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Daily Currency Outlook: GPB/JPY, EUR/JPY

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.55; (P) 150.57; (R1) 151.39;No change in GBP/JPY‘s outlook. We’re favoring the case that rebound from 147.10 is completed and was a corrective move only. That is, fall from 153.01 is possibly the third leg … Continue reading

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GBP/JPY Prepares To Break And Test Resistance

GBP/JPY: Daily” width=”1275″ height=”629″ />With the rush to the Japanese yen now appearing to have run out of steam, it’s a good time to be taking a closer look at some of the Yen cross pairs, and one excellent example … Continue reading

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Daily Currency Outlook: GPB/JPY And EUR/JPY: June 12, 2013

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.32; (P) 151.26; (R1) 153.17; Intraday bias in GBP/JPY has turned neutral for the moment. On the downside, below 148.18 will extend the decline from 156.77 and target 146.42 support. Break will confirm that larger … Continue reading

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Daily Currency Outlook: GPB/JPY And EUR/JPY: June 18, 2013

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.67; (P) 148.56; (R1) 149.40;With 150.56 minor resistance intact, the correction from 156.77 is expected to continue lower. A break of 146.42 will confirm that whole rally from 118..82 has topped out at 156.77. In … Continue reading

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FX Technicals: GPB/JPY And EUR/JPY

GBP/JPY Daily Outlook Daily Pivots: (S1) 149.21; (P) 149.92; (R1) 150.91; Recovery from 147.10 has completed at 153.01 already. Intraday bias remains on the downside for 147.10 support. Break will resume whole correction from 156.77 and should target 38.2% retracement … Continue reading

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GPB/JPY And EUR/JPY Currency Outlook: August 26, 2013

GBP/JPY Daily Pivots: (S1) 153.17; (P) 153.91; (R1) 154.41; Further rise is still mildly in favor in GBP/JPY with 151.73 minor support intact. Note again that consolidation from 156.77 is still in progress with price actions from 147.10 as the … Continue reading

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Daily Currency Outlook: Bearish On GPB/JPY, Fall For EUR/JPY

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.62; (P) 149.15; (R1) 150.72;At this point, we’re still favoring the bearish case that fall from 154.04 is resuming whole decline from 156.77. Below 147.61 will send GBP/JPY through 147.10 support to 100% projection of … Continue reading

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British Employment Data Could Decide GBP/USD’s Fate At 1.5750

Dollar Break Finding Limited Follow Through on Equity Rally The S&P 500 extended its charge higher with another 0.7% rally this past session. Yet, despite the risk appetite this traditionally represents, the safe haven dollar gave up little ground it … Continue reading

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