FxWirePro: GBP/JPY faces strong intraday support at 144, good to buy on dips
Major support – 144.20 (55- H EMA) GBP/JPY has taken support near 55- H MA and started to jump from that level. It is currently trading around 145.39. The intraday trend is slightly bullish as long as support 144 holds. …
GBP/JPY has taken support near 55- H MA and started to jump from that level. It is currently trading around 145.39.
The intraday trend is slightly bullish as long as support 144 holds.
Any break below 144 will drag the pair down till 142.50/141.95 (200- H MA). On the higher side, 146.05 the high formed yesterday is acting as major resistance and any break above will take the pair to next level till 147.25 (161.8% retracement of 146.05 and 144.04).
It is good to buy on dips around 145 with SL around 144 for the TP of 147.25
