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GBP/JPY Each day Outlook


Each day Pivots: (S1) 179.09; (P) 180.32; (R1) 181.14; Extra…

GBP/JPY recovered after falling to 179.45 and intraday bias is turned impartial first. Additional fall stays in favor, and break of 179.45 will goal 55 D EMA (now at 176.65). On the upside, above 182.00 minor resistance will flip bias to the upside for retesting 183.99 excessive as an alternative.

Within the greater image, so long as 172.11 resistance turned assist holds, uptrend from 123.94 (2020 low) is predicted to proceed. On resumption, subsequent goal is 195.86 (2015 excessive). Nonetheless, agency break of 172.11 will argue that bigger correction is already underway.

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