GBP/JPY attempted a rebound last week but was limited at 174.21, below 174.54 resistance, and dropped sharply. Initial focus in on 172.36 support first. Break will confirm near term reversal and will target 170.95 support and then 169.53 key support level. Meanwhile, above 174.21 will turn bias back to the upside for 175.36 and above.
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