FxWirePro: GBP/JPY consolidates in narrow range, good to buy at dips
Potential Reversal Zone (PRZ)- 186.50. GBP/JPY faces resistance around 186.50 and break above will confirms short term bullishness.The pair is currently trading around 186.42. Overall trend is bullish as long as support …
GBP/JPY faces resistance around 186.50 and break above will confirms short term bullishness.The pair is currently trading around 186.42. Overall trend is bullish as long as support 185.40 holds.
Any break below 185.40 will drag the pair till 184.80/184.40.
On the higher side any break above 186.50 will take the 187.45/188 in short term.
Short term weakness only below 183.80.
It is good to buy at dips around 186.20 with SL around 185.40 for the TP of 187.45 /188
