GBP/JPY trades higher, intraday weakness only below 193.20
GBP/JPY has made a high of 193.84 and retreated till 193.23. Intraday trend is bullish as long as support 193.20 holds.
Any break below 193.20 will drag the pair further down till 192.70/192.30 in short term.
On the higher side any break above 193.85 would extend gains till 195/195.60.
Intraday trend reversal only below 193.20.
Indicators (4 Hours chart)
CCI (50) –Buy
Ichimoku –Buy
It is good to buy at dips around 193.70 with SL around 193.20 for the TP of 195
Any break below 193.20 will drag the pair further down till 192.70/192.30 in short term.
On the higher side any break above 193.85 would extend gains till 195/195.60.
Intraday trend reversal only below 193.20.
Indicators (4 Hours chart)
CCI (50) –Buy
Ichimoku –Buy
It is good to buy at dips around 193.70 with SL around 193.20 for the TP of 195