FxWirePro
Long

GBP/JPY Short term outlook

FX:GBPJPY   British Pound/Japanese Yen
196 0 0
GBP/JPY             has broken major resistance 184.20 and jump till 185.76 cannot be ruled out. The pair’s minor support is around 183.50. Any break below will invalidate intraday bullishness.

On the downside break below will target 182.50/181.50 in short term.

Indicators (4 hour chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Buy GBP/JPY             around 184.20, SL 183.49, Target 185.76.
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