GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 136.10; (P) 136.35; (R1) 136.54; More… GBP/JPY’s break of 135.38 support suggests that recovery from 133.03 has completed. Corrective fall from 142.71 is possibly resume to resume. Intraday bias is turned back to the downside for 133.03 support first. Break will confirm and target 61.8% retracement of 123.94 to 142.71 at 131.11.
The post GBP/JPY Mid-Day Outlook appeared first on Action Forex.

Daily Pivots: (S1) 136.10; (P) 136.35; (R1) 136.54; More… GBP/JPY’s break of 135.38 support suggests that recovery from 133.03 has completed. Corrective fall from 142.71 is possibly resume to resume. Intraday bias is turned back to the downside for 133.03 support first. Break will confirm and target 61.8% retracement of 123.94 to 142.71 at 131.11. […]

The post GBP/JPY Mid-Day Outlook appeared first on Action Forex.

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