GBP/USD traded down -0.20% into Europe's close despite some US$ weakness

Suspected BOJ intervention in USD/JPY sank the pair below 147.35

GBP/USD rallied above 1.2090 during USD/JPY's sharp decline then fell again

JPY strength drove GBP/JPY toward 178.15 which helped limit GBP/USD's lift

GBP/USD now approaching session lows and the March 15 & 16 daily lows

Psychological 1.2000 level is likely support should those lows give way

Techs lean bearish; daily RSI falling, pair below 76.4% Fib of 1.1805-1.3144

Break below 1.2000 see selling accelerate, 1.1800 then comes into focus

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