Day by day Pivots: (S1) 190.02; (P) 190.43; (R1) 191.00; Extra…
Intraday bias in GBP/JPY stays on the upside at this level. Present rally is in progress for 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. Agency break there’ll goal 100% projection at 195.40. On the draw back, under 189.05 minor help will flip intraday bias impartial and convey consolidations once more, earlier than staging one other rally.
Within the greater image, up pattern from 123.94 (2020 low) in in progress. Medium time period outlook will keep bullish so long as 178.32 help holds. Subsequent goal is 195.86 long run resistance (2015 excessive).
