Each day Pivots: (S1) 179.99; (P) 180.59; (R1) 181.20; Extra…
GBP/JPY’s rebound from 178.32 accelerates greater immediately and focus is again on 184.43 resistance. Agency break there’ll argue that pull again from 188.63 has accomplished and produce retest of this excessive. Nonetheless, rejection by 184.43, adopted by break of 178.32, will resume the entire fall from 188.63 to 38.2% retracement of 148.93 to 188.63 at 173.46.
Within the greater image, worth actions from 188.63 medium time period high are at present seen as a correction to the up pattern from 148.93 (2022 low) solely. So long as 172.11 resistance turned help holds, bigger up pattern from 123.94 (2020 low) continues to be in favor to renew via 188.63 at a later stage.
