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Long

GBP/JPY faces major support at 183, good to buy at dips

FX:GBPJPY   British Pound/Japanese Yen
278 0 6
GBP/JPY             has recovered after making a low of 182.45 and is currently trading at 184.03. Intraday trend is bullish as long as support 183.50 holds.

Any break below 183.50 will drag the pair further down till 183./182.45 in short term.

On the higher side pair’s minor resistance is around 184.30 and break above would extend gains till 184.75/185.55/186.20.

Bearish invalidation only above 187.30.

It is good to buy at dips around 184-184.05 with SL around 183 for the TP of 185.45/186.20
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