GBP/JPY is showing resilience for second consecutive session below 100-hour moving average around 140.70 area. Unexpected decrease in UK unemployment and slightly positive UK wage growth data gave little push to the British Pound.
Technically, the cross has regained positive momentum on 1-hour chart while holding bullish bias in 4-hour and daily charts.
Follow through buying beyond 141.50 will pave the way for more gains while closing below 141.00 on daily basis will negate the immediate positive bias.
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