Each day Pivots: (S1) 183.15; (P) 183.54; (R1) 184.14; Extra…
Regardless of lack of draw back momentum, additional decline is predicted in GBP/JPY so long as 185.67 resistance holds. Subsequent goal is 55 D EMA (now at 182.31). Sustained break there’ll argue that it’s already in a bigger scale correction and goal 176.29 assist subsequent. On the upside, break of 185.67 resistance will point out that the pull again from 186.75 has accomplished. Additional rise ought to then be seen by means of 186.75 to renew bigger up pattern.
Within the greater image, up pattern from 123.94 (2020 low) is in progress. Subsequent goal is 195.86 (2015 excessive). This may stay the favored case so long as 176.29 assist holds, even in case of deeper pull again.
