Daily Pivots: (S1) 132.93; (P) 134.00; (R1) 134.64; More…

Intraday bias in GBP/JPY remains neutral for the moment. Corrective rebound from 123.94 might not be over. But in case of another rise, we’d strong resistance from 61.8% retracement of 144.95 to 123.94 at 136.92 to limit upside. But sustained break of 135.74 will pave the way to 144.95 resistance next. On the downside, break of 131.90 will turn bias back to the downside for retesting 123.94 low.