Every day Pivots: (S1) 184.66; (P) 185.32; (R1) 185.90; Extra…
Intraday bias in GBP/JPY stays on the upside for the second. Present rise from 178.02 ought to goal a retest of 186.76 resistance. Decisive break there’ll resume bigger up pattern. On the draw back, beneath 184.29 minor assist will flip intraday bias impartial and produce consolidations first, earlier than staging one other rally.
Within the greater image, so long as 176.29 assist 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). Nonetheless, agency break of 176.29 will verify medium time period topping, and produce lengthier and deeper consolidations.
