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GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight 
- RES 4: 0.7506 ( 138.2 % retracement of 0.7420 and 0.7196)
- RES 3: 0.7480 (May 5th 2015)
- RES 2: 0.7450 (Oct 2nd 2015)
- RES 1: 0.7420
PRICE: 0.7390 @ 11:48 GMT
- SUP 1: 0.7385 (20 day 4 HMA)
- SUP 2: 0.7365 (55 day 4 HMA)
- SUP 3: 0.7300 (Sep 25th 2015)
- SUP 2: 0.7280 (200 day 4 HMA)
EUR/GBP has recovered till 0.74425 after making a low of 0.73510 on Friday. It is currently trading at 0.7393.
Short term trend is bullish as long as support 0.7350 holds.
On the higher side minor resistance is around 0.7450 and any break above would extend gains till 0.7480/0.7505.
It is good to buy at dips around 0.7360 with SL around 0.7300 for the TP of 0.7440/0.7480
