Day by day Pivots: (S1) 139.27; (P) 139.74; (R1) 140.06; Extra…
Intraday bias in GBP/JPY stays impartial as consolidation from 141.50 is extending. In case of some other fall, drawback must be contained above 135.74 resistance grew to become strengthen to deliver rebound. At the upside, ruin of 141.50 will resume the upward push from 126.54 to for 148.87 key resistance.
Within the larger image, consolidation development from 122.75 (2016 low) continues to be in growth with upward push from 126.54 because the 3rd leg. Additional upward push must be observed again to 148.87/156.59 resistance zone. For now, we’d be expecting robust resistance from there to restrict upside. And, this will likely stay the popular case so long as 135.74 resistance grew to become strengthen holds.
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