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Long

GBP/JPY breaks short term resistance 187.35, targets 189.20

FX:GBPJPY   British Pound/Japanese Yen
179 0 7
GBP/JPY             has recovered till 187.33 and retreated from that level. In Asian session it has broken yesterday's high 187.35 and currently trading at 187.82. Intraday trend is bullish as long as support 186.80 holds.

On the upside any break above 187.35 will extend gains till 188.80/189.20.

It is goo d to buy at dips around 187.65 with SL around 186.80 for the TP of 188.80/189.20

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