GBP/JPY’s rebound 178.32 is in progress and intraday bias stays on the upside. Present rise ought to goal a take a look at on 188.63 excessive. On the draw back, break of 182.73 assist is required to point completion of the rebound. In any other case, additional rally will stay in favor in case of retreat.
Within the greater image, worth actions from 188.63 medium time period prime are seen as a correction to the up development from 148.93 (2022 low) solely. So long as 172.11 resistance turned assist holds, bigger up development from 123.94 (2020 low) continues to be in favor to renew by 188.63 at a later stage.
