GBP/JPY struggles to close above 200 day 4HMA, targets 170

FX:GBPJPY   British Pound / Japanese Yen
180 1 3
Major support – 171.50 (Kijun-Sen)

Major intraday resistance -172.55

The pair has made a high of 173.75 and started to retreat from that level. It is currently trading around 171.81.

On the downside major support is around 171.50 and any break below targets 170.97/170.50.

The pair’s major resistance is around 172.55 (Tenken-Sen) and any break above will take the pair till 173/173.75/175.

It should close above 175 for further bullishness.

It is good to sell on rallies around 172.50-60 with SL around 173.75 for the TP of 171.50/170.55/170.
nice setup...
agree with it...
now lets see what happen....:-)
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