GBPJPY: Set To Weaken Further
GBPJPY – With corrective pullback triggered, further weakness is likely. On the upside, resistance lies at the 183.00 level followed by the 186.0 level where a break will aim at the 184.00 level. A cut through here will aim at the 185.00 level. On the downside, support comes in at the 181.00 level where a violation will aim at the 180.00 level. A break below here will target the 179.00 level followed by the 178.00 level. All in all, the cross remains biased to the downside on pullback.