Every day Pivots: (S1) 186.45; (P) 186.86; (R1) 187.53; Extra…
Intraday bias in GBP/JPY is again on the upside as rebound from 185.21 resumes. Additional rise is anticipated to retest 188.90 resistance first. Agency break there’ll resume bigger up pattern. Subsequent close to time period goal might be 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. For now, close to time period outlook will keep bullish so long as 185.21 help holds, in case of retreat.
Within the larger image, up pattern from 123.94 (2020 low) is in progress. Medium time period outlook will keep bullish so long as 178.32 help holds. Subsequent goal is 195.86 long run resistance (2015 excessive).
