GBP/JPY breaks minor resistance 154.50,targets 155.35/155.80
Major resistance – 155.35 (3 W EMA)
Minor support -153.50
The pair has broken minor resistance 154.50 and jumped till 154.62 at the time of writing. It is currently trading around 154.41.
Intraday trend is slightly bullish as pair is trading above Tenken-Sen and Kijun-Sen levels. Minor weakness can be seen below 153.50.
Any break above 154.50 will take the pair till next level 155.35/155.80/157.10 in short term.
On the lower side major support is around 153.50 and break below targets 151.50/150.
Short term bearish invalidation only above 158 level.
It is good to buy at dips around 154.30-35 with SL around 153.50 for the TP of 155.35/155.80
Minor support -153.50
The pair has broken minor resistance 154.50 and jumped till 154.62 at the time of writing. It is currently trading around 154.41.
Intraday trend is slightly bullish as pair is trading above Tenken-Sen and Kijun-Sen levels. Minor weakness can be seen below 153.50.
Any break above 154.50 will take the pair till next level 155.35/155.80/157.10 in short term.
On the lower side major support is around 153.50 and break below targets 151.50/150.
Short term bearish invalidation only above 158 level.
It is good to buy at dips around 154.30-35 with SL around 153.50 for the TP of 155.35/155.80
