Daily Pivots: (S1) 160.57 (P) 161.82; (R1) 163.58; More… GBP/JPY recovered notably after dipping to 160.02 and intraday bias is turned neutral first. Outlook is unchanged that fall from 165.99 is probably developing into another falling leg of the corrective pattern from 172.11. Risk will stay on the downside as long as 165.99 resistance holds. […]
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