GBP/JPY pull back from 180.70 extended lower last week and initial bias remains on the downside for deeper fall. At this point, we'd still expect strong support around 61.8% retracement of 169.34 to 180.70 at 173.67 to bring rally resumption eventually. Above 178.12 minor resistance will turn bias back to the upside for retesting 180.70 first.
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