FX:GBPJPY   British Pound / Japanese Yen
7 0 0
The primary trend of GBPJPY             is bearish on charts. In its 4 hourly chart, the pair is not sustaining at lower level and consolidating with strong positive bias and is likely to give break out at upside. Its 30 DMA is also supporting the upcoming bullish trend in the pair. It is facing an important resistance at the level of 183.40. If it breaks its resistance level of 183.40 at upside then we can expect it to show further upside movement.

INDICATORS:-
RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.
MACD is also sustaining in buying territory indicating the upcoming bullish trend in the pair.

STRATEGY: GBPJPY             is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
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