GBP/JPY Daily Outlook

GBP/JPY's break of 135.88 minor support suggests that rebound from 130.00 has completed at 140.55 already. Intraday bias is flipped back to the downside and further fall should be seen to retest 130.00 low. On the upside, however, break of 139.49 resistance will argue that rise from 130.00 is still and progress and resuming. Focus will then be turned back to 145.94 high.

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