PiPNEVERSLEEPS

PiPNEVERSLEEPS

Price is closing below the 191.00 resistance level after failing to break above it. This indicates a potential bearish bias forming. However, price is still holding above the 190.50 support level which needs to break to confirm the downtrend. Potential short entries could come on a rally up into the 191.00 resistance that gets rejected and closes back below...

PiPNEVERSLEEPS Updated 

Applying The Quarters Theory, we can identify the whole number of 190 as well as the half number of 191 as key potential support and resistance. The pair broke decisively above the 190 whole number early in the session, rallying up to test resistance at the 191 half number where it faced selling pressure. However, by the end of the session the pair managed to...

PiPNEVERSLEEPS

Here is my analysis of the GBP/JPY for the upcoming week: - Applying the Quarters Theory, we have the major 189 and 191 levels, along with the half-figure of 190.50 and quarter points of 189.75, 190.25 and 190.75 to watch. Last week, 190.25 provided initial support on the pullback before lower demand emerged at 189.75. Meanwhile, the test of 191 was rejected and...

PiPNEVERSLEEPS

1.4159 has not been cleared yet, and offering good support. Uptrend has possibilities to regain momentum toward the target set at 1.4752. Medium term outlook... Risk: 108 Reward: 500+ Ratio: 4.8

PiPNEVERSLEEPS

probabilities still favor the target at 0.9462 in the medium term outlook.