Day-to-day Pivots: (S1) 139.52; (P) 140.00; (R1) 140.64; Extra…
GBP/JPY is staying in consolidation from 141.50 and intraday bias stays impartial first. In case of every other fall, drawback must be contained above 135.74 resistance grew to become toughen to convey rebound. At the upside, spoil 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) remains 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 may increasingly stay the well-liked case so long as 135.74 resistance grew to become toughen holds.
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