
Intraday bias in GBP/JPY remains neutral for the moment. While another fall cannot be ruled out, strong support should be seen from 206.10 fibonacci level to bring rebound. Considering bullish divergence condition in 4H MACD, firm break of 211.25 resistance should indicate short term bottoming. However, decisive break of 206.10 will carry larger bearish implications. […]
The post GBP/JPY Daily Outlook appeared first on ActionForex.