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Long

GBP/JPY takes support near trend line, good to buy at dips

FX:GBPJPY   British Pound/Japanese Yen
361 0 9
GBP/JPY             has taken support near trend line 180 ( trend line joining 167 and 174.86) and slightly recovered from that level.

The pair’s further weakness can be seen only below 179.90

Any break below 179.90 will drag the pair further down till 177.20/175 in short term.

On the higher side any break above 181.65 confirms intraday bullishness, a jump till 182.75/183.35.

It is good to buy at dips around 180.80 with SL around 179.90 for the TP of 182.80
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