FxWirePro: Buy GBP/JPY only above 183.20 with SL around 182.50 for the TP of 184.40/185
Tuesday, October 6, 2015 2:48 AM UTC
- GBP/JPY has made a high of 183.20 and slightly declined from that level. It is currently trading at 182.68.
- The pair is facing strong resistance around 183.20 and any further bullishness can be seen only above that level. Any break above 183.20 will take the pair to 184.40/185 in short term .
- On the downside major intraday support is around 182.20 and any break below targets 181.60/181.
- The minor support is around 182.50.
It is good to buy only above 183.20 with SL around 182.50 for the TP of 184.40/185
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