GBPJPY

13 thg 3, 2023

Intraday bias in GBP/JPY remains neutral as consolidation from 165.99 is extending. Further rally is still expected as long as 161.18 support holds. As noted before, corrective fall from 172.11 should have completed at 155.33 already. Break of 165.99 will target 169.26 resistance first, and then 172.11 high. However, break of 161.18 support will dampen this view and turn bias to the downside for 156.70 support instead. Still not sure about the direction.