GBPJPY looks to weaken further lower as it retains its corrective pressure. On the downside, support comes in at the 132.50 level where a violation will aim at the 132.00 level. A break below here will target the 131.50 level followed by the 131.00 level...
Pivot (invalidation): 58.05 Our preference Long positions above 58.05 with targets at 58.70 & 59.05 in extension. Alternative scenario...
Pivot (invalidation): 18.4100 Our preference Long positions above 18.4100 with targets at 18.7400 & 18.8300 in extension. Alternative scenario...
Pivot (invalidation): 1516.00 Our preference Long positions above 1516.00 with targets at 1526.50 & 1531.00 in extension. Alternative scenario...
Pivot (invalidation): 2978.50 Our preference Long positions above 2978.50 with targets at 3006.00 & 3022.00 in extension...
Pivot (invalidation): 12400.00 Our preference Short positions below 12400.00 with targets at 12260.00 & 12200.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7270 Our preference Short positions below 5.7270 with targets at 5.7060 & 5.6920 in extension. Alternative scenario...
K. Pivot (invalidation): 0.9915 Our preference Short positions below 0.9915 with targets at 0.9885 & 0.9865 in extension...
Pivot (invalidation): 0.6760 Our preference Long positions above 0.6760 with targets at 0.6780 & 0.6795 in extension. Alternative scenario...
Pivot (invalidation): 1.3275 Our preference Short positions below 1.3275 with targets at 1.3250 & 1.3240 in extension...
Pivot (invalidation): 107.40 Our preference Long positions above 107.40 with targets at 107.65 & 107.75 in extension. Alternative scenario...
Pivot (invalidation): 1.2460 Our preference Short positions below 1.2460 with targets at 1.2410 & 1.2390 in extension. Alternative scenario...
Pivot (invalidation): 1.1000 Our preference Short positions below 1.1000 with targets at 1.0980 & 1.0965 in extension. Alternative scenario...
USDJPY outlook remains lower towards the 106.75 area, its key support. On the upside, resistance comes in at 108.00 level. Above this level will turn attention to the 108.50 level. Further out, we expect a possible move towards the 109...
Pivot (invalidation): 58.05 Our preference Long positions above 58.05 with targets at 58.70 & 59.05 in extension. Alternative scenario...
Pivot (invalidation): 18.4100 Our preference Long positions above 18.4100 with targets at 18.7400 & 18.8300 in extension. Alternative scenario...
Pivot (invalidation): 1516.00 Our preference Long positions above 1516.00 with targets at 1526.50 & 1531.00 in extension. Alternative scenario...
Pivot (invalidation): 2978.50 Our preference Long positions above 2978.50 with targets at 3006.00 & 3022.00 in extension. Alternative scenario...
