Day by day Pivots: (S1) 139.79; (P) 140.19; (R1) 140.43; Extra…
Intraday bias in GBP/JPY stays impartial as consolidation from 141.50 is extending. Deeper fall can’t be dominated out. However problem must be contained above 135.74 resistance became improve to deliver rebound. At the upside, smash 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 sturdy resistance from there to restrict upside. And, this may occasionally stay the well-liked case so long as 135.74 resistance became improve holds.
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