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FxWirePro: Buy GBP/JPY at dips around 182 with SL around 181.40 for the TP of 183.30

  • GBP/JPY has taken support near trend line 180 (trend line joining 167 and 174.86) and slightly recovered till 182.35 from that level.
  • The pair's further weakness can be seen only below 179.90 
  • Any break below 179.90 will drag the pair further down till 177.20/175 in short term. 
  • The pair's minor support is around 181.40/181.
     
  • On the higher side any break above 181.65 confirms intraday bullishness, a jump till 182.75/183.35. 

It is good to buy at dips around 182 with SL around 181.40 for the TP of 183.30.

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