GBP/JPY has shown a good jump of almost more than 150 pips yesterday session on account extreme bullishness of GBP against all majors. The pair hits intraday high of 149.37 and shown a minor profit booking from the high.…
GBP/JPY has shown a good jump of almost more than 150 pips yesterday session on account extreme bullishness of GBP against all majors. The pair hits intraday high of 149.37 and shown a minor profit booking from the high. The pair is currently trading around 148.80.
USD was trading weak against all pairs after removal of Rex Tillerson US Secretary of State and in line with expectations US CPI data. The major resistance is around 149.40 and any break above targets 150/151.20.
On the lower side, near term support is around 148.50 and any break below will drag the pair till 148/147.40/146.95/146.36.
It is good to buy on dips around 148.50-55 with SL around 147.99 for the TP of 150.
