Get started
FxWirePro

GBP/JPY takes support around 193, jump till 194.20 is possible

Long
British Pound / Japanese Yen (FX:GBPJPY)  
FxWirePro  
FX:GBPJPY   British Pound / Japanese Yen
5
0
GBP/JPY breaks short term trend line support 192.97 and slightly recovering from that level.

Intraday trend is bullish as long a support 192.70 holds. Any break below 192.70 will drag the pair further down till 192/191.

On the higher side minor resistance is around 193.50 and break above would extend gains till 194.25/194.60.

It is good to buy around 193.10-15 with SL around 192.70 for the TP of 193.80/194.25
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.