Daily Pivots: (S1) 151.68; (P) 152.65; (R1) 153.25; More…
GBP/JPY’s consolidation from 153.84 is still in progress but it’s staying well above 151.15 minor support. Intraday bias remains neutral first. In case of another retreat, downside should be contained by 151.15 minor support to bring rise resumption. Above 153.83 will extend the rally from 144.97 and target to retest 156.96 high. However, break of 151.15 will suggest that such rebound from 144.97 has completed and bring retest of this support.