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GBP/JPY Day by day Outlook


Day by day Pivots: (S1) 154.26; (P) 155.32; (R1) 156.49; Extra…

Intraday bias in GBP/JPY stays impartial as consolidation from 148.93 remains to be in progress. For now, danger will keep on the draw back so long as 160.64 help turned resistance holds. Break of 148.93 will resume the decline from 169.10 in direction of 141.19 fibonacci stage.

Within the greater image, rise from 123.94 (2020 low) has accomplished at 169.10. 38.2% retracement of 123.94 to 169.10 at 151.84 is already met, and there may very well be some help from there for rebound. However danger will now keep on the draw back so long as 169.10 resistance holds. Sustained buying and selling beneath 151.84 will goal 61.8% retracement at 141.19.

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