GBP/JPY trades above minor resistance 182, targets 183.30
GBP/JPY has taken support near trend line 180 (trend line joining 167 and 174.86) and slightly recovered till 182.35 from that level.
The pair’s further weakness can be seen only below 179.90
Any break below 179.90 will drag the pair further down till 177.20/175 in short term.
The pair's minor support is around 181.40/181.
On the higher side any break above 181.65 confirms intraday bullishness, a jump till 182.75/183.35.
It is good to buy at dips around 182 with SL around 181.40 for the TP of 183.30
The pair’s further weakness can be seen only below 179.90
Any break below 179.90 will drag the pair further down till 177.20/175 in short term.
The pair's minor support is around 181.40/181.
On the higher side any break above 181.65 confirms intraday bullishness, a jump till 182.75/183.35.
It is good to buy at dips around 182 with SL around 181.40 for the TP of 183.30
