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Thread: GBP/JPY Daily Outlook
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03-05-2012, 10:59 AM #1
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Re: GBP/JPY Daily Outlook
Daily Pivots: (S1) 128.89; (P) 129.24; (R1) 129.73
GBP/JPY's break of 129.65 indicates that recent rise has resumed and intraday bias is back on the upside for 61.8% retracement of 140.02 to 116.83 at 131.16 first. As noted before, the decline from 140.02 should have finished at 116.83 already.
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03-12-2012, 11:34 AM #2
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Re: GBP/JPY Daily Outlook
Despite dripping to 126.54 last week, GBP/JPY quickly rebounded and the development suggest that pull back from 130.13 is finished already. Initial bias is mildly on the upside this week for 130.13. Break will confirm resumption of whole rise from 117.29 and should target 61.8% retracement of 140.02 to 116.83 at 131.16. Break will target a test on 140.02 next.
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03-16-2012, 02:16 AM #3
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Re: GBP/JPY Daily Outlook
The pair EUR/JPY is going to SELL now a days... so its highly recommended to SELL it.EUR/JPY is currently trading at the 112.25 area, pressured by the Yen strengthening amid US president speech highlights hitting the newswires.
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