Each day Pivots: (S1) 189.90; (P) 190.63; (R1) 191.08; Extra…..
Intraday bias in GBP/JPY is mildly on the draw back as fall from 193.51 brief time period high extends. Deeper decline could be seen in direction of 187.94 structural assist. On the upside, break of 191.65 minor resistance will flip bias again to the upside for retesting 193.51.
Within the greater image, present rally is a part of the up pattern from 123.94 (2020 low), and is in progress for long run resistance (2015 excessive). Break of 187.94 assist is required to be the primary signal of medium time period topping. In any other case, outlook will stay bullish in case of retreat.
