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FxWirePro
Jun 12, 2015 5:45 AM

GBP/JPY consolidates below 192 level, good to buy at dips  Long

British Pound/Japanese YenFXCM

Description

GBP/JPY is consolidating below 192 and any further bullishness can be seen only above that level. Any break above 192 would extend gains till 195 level.

The minor support is around 191.20 and any break below will the drag the pair further down till 190.80/190.

Bullish invalidation can happen only below 189.45 level.

It is good to buy at dips around 191.30-40 with SL around 190.80 for the TP of 192.99/194.
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