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GBPJPY Stuck in Tight Range – Neutral Bias Persists Despite Bullish EMAs 
, trend reversal can be seen only above 1.100 - EconoTimes)
- RES 4: 1.1035 (Apr 6th high)
- RES 3: 1.0960 (200 day 4HEMA)
- RES 2: 1.0921 (200 day 4HMA)
- RES 1: 1.0881 (Cloud Bottom)
PRICE: 1.08434 @ 11:53 GMT
- SUP 1: 1.0794 (Cloud bottom)
- SUP 2: 1.0720 (Mar 31st low)
- SUP 3: 1.0680 (61.8% retracement of 1.04613 and 1.10509)
- SUP 4:1.0610 (Mar 19th low)
Commentary:
EUR/USD has slightly recovered after making a low of 1.0802. Short term trend is weak as long as resistance 1.0960 holds.
On the upside minor resistance is around 1.0881 and break above would extend gains till 1.0921/1.0960. Sell around 1.0875 stop around 1.0960 with target of 1.0600.
