Daily Pivots: (S1) 196.65; (P) 197.46; (R1) 198.03; More… GBP/JPY is staying in range trading below 198.84 and intraday bias remains neutral. Further rally is expected with 194.04 support intact. Break of 198.94 will resume the rise from 188.07, as a leg of the corrective pattern from 180.00, and target channel resistance (now at 204.05). […]
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