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- GBP/JPY has recovered after making a low of 180.66 on Friday. It is currently trading at 182.50. Overall trend is still bullish as long as support 180.50 holds.
- Intraday weakness can be seen only below 181.60. On the downside any break below 181.60 will drag the pair further down till 181/180.50.
- The pair's minor resistance is around 182.60 and break above targets 183.20/184.
It is good to buy at dips around 182.40-45 with SL around 181.60 for the TP of 183.20/184
