GBP/JPY trades well above 193, targets 195

FX:GBPJPY   British Pound / Japanese Yen
214 0 2
GBP/JPY             has recovered after making a low of 192.28. It is currently trading at 193.70 and made a high of 193.95 yesterday.

Short term trend is bullish as long as support 193 holds.

Any break below 193 will drag the pair further down till 192.60/192.25.

Bullish invalidation if it closes below 192.25.

On the higher side minor resistance is around 194 and break above will extend gains till 195/195.60.

It is good to buy at dips around 193.75-80 with SL around 193 for the TP of 195/195.60
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