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GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206 
- RES4:1.13855 (Jun 10th high)
- RES3: 1.13301 (Jun 11th high)
- RES 2: 1.1290 (Jun 12th high)
- RES 1: 1.1238 (200 day HMA)
PRICE: 1.12240 @ 09:39 GMT
- SUP 1: 1.1178 (Jun 11th low)
- SUP2: 1.1101 (50 % retracement of 1.0818 and 1.13854)
- SUP 2: 1.1050 (Jun 5th low)
- SUP 3: 1.100
Commentary:
EUR/USD has made a low of 1.11500 on Friday and recovered from that level till 1. trend is bullish as long as support 1.1178 holds.
On the upside minor resistance is around 1.1230 and any break above would extend gains till 1.1270/1.1290 in short term.
The pair's minor support is around 1.11780 and break below will drag the pair further down till 1.1150/1.1100.
It is good to buy at dips around 1.1215 with SL around 1.1178 for the TP of 1.1290.
