GBP/JPY Mid-Day Outlook

GBP/JPY Mid-Day Outlook

GBP/JPY's fall accelerates after breaking 132.80 minor support and reaches as low as 131.15 so far. Intraday bias remains on the downside and deeper decline could be seen. But at this moment, we're treating price actions from 135.48 as consolidation only and hence, strong support is expected from 61.8% retracement<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/wz-IU757r0Q" height="1" width="1"/>

Source: GBP/JPY Mid-Day Outlook