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Long

GBP/JPY faces strong support at 154.40, good to buy at dips

FX:GBPJPY   British Pound/Japanese Yen
242 2 5
Major resistance- 155.40 (hourly Kijun-Sen)

Major support – 154.40

The pair has made a low of 154.40 yesterday and slightly recovered from that level. It is currently trading around 154.96.

GBP/JPY             minor trend is slightly bullish as long as support 154.40 holds. The pair has broken minor resistance at 154.89 (hourly Tenken-Sen) and jumped till 155. It should break above 155.40 for further upside movement. Any violation above 155.40 will take the 156.30/156.60/157.25.

Short term trend reversal only above 158.

It is good to buy at dips around 155 with SL around 154.40 for the TP of 156.25/156.60
Keep up what you're doing so well - thx \o/
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