GBP/JPY breaks minor trend line resistance, targets 182.50/186
GBP/JPY is trading near trend line resistance 184.60 ( trend line joining 188.26 and 184.85) and break above targets 185.20/185.40/186.
On the downside major support is around 183.90 and break below targets 183.40/183.
Overall bullish invalidation only below 183.
The pair’s major resistance is around 185.20 and break above will take the pair to next level 186.
It is good to buy at dips around 184.55-60 with SL around 183.90 for the TP of 185.20/186
On the downside major support is around 183.90 and break below targets 183.40/183.
Overall bullish invalidation only below 183.
The pair’s major resistance is around 185.20 and break above will take the pair to next level 186.
It is good to buy at dips around 184.55-60 with SL around 183.90 for the TP of 185.20/186
Josphat89
The pair is trading on a rising channel on the 4Hr. Agreed on the long idea
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