FxWirePro
Long

GBP/JPY Short term Outlook

FX:GBPJPY   British Pound/Japanese Yen
244 0 4
Pattern Formed: Bullish Gartley

GBP/JPY             has recovered after making a low of 182.19. Overall trend is still bullish as long as support 181.40 holds.

On the upside minor resistance is around 183.10 and any break of will target 183.70/184 in short term. The pair’s support is around 182.60 and below that it can reach 182.10/181.45.

It is good to buy at decline around 182.08 for the target of 184.

Indicators (1 Hour chart)

CCI (50) – Sell

CCI (14) – Sell

Ichimoku- Sell

Recommendation: Buy GBP/JPY             around 182.10, SL 181.40, Targets 183.10/183.90.
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