Every day Pivots: (S1) 180.81; (P) 181.35; (R1) 181.92; Extra…
GBP/JPY recovered rapidly after dipping to 180.74. Intraday bias stays impartial and additional rise remains to be in favor. Above 183.79 will resume the rise from 178.02 to retest 186.75 excessive. Nevertheless, break of 180.74 will flip bias again to the draw back for 178.02 as an alternative.
Within the larger image, fall from 186.75 is seen as a corrective transfer solely. So long as 176.29 assist holds, bigger up development 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 affirm medium time period topping, and convey lengthier and deeper consolidations.
