Every day Pivots: (S1) 181.10; (P) 181.39; (R1) 181.89; Extra…
GBP/JPY is staying in consolidation above 180.78 and intraday bias stays impartial. With 183.34 resistance intact, additional decline is anticipated. On the draw back, break of 180.78 will resume the autumn from 186.75 to 176.29 help subsequent.
Within the larger image, fall from 186.75 is at present seen as a corrective transfer solely. So long as 176.29 help holds, bigger up pattern from 123.94 (202 low) ought to nonetheless be in progress. Break of 186.75 will goal 195.86 (2015 excessive). However, agency break of 176.29 will verify medium time period topping, and convey lengthier and deeper consolidations.
