With 172.16 minor support intact, intraday bias in GBP/JPY remains mildly on the upside. Current rally should extend to 161.8% projection of 147.61 to 159.98 from 156.63 at 176.64. On the downside, below 172.16 minor support will turn bias neutral and bring consolidations. But retreat should be contained above 166.57 support and bring another rise.
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