FxWirePro: GBP/JPY trades slightly above 144.80 level, good to buy on dips
Major resistance -144.80 The pair broken major resistance of 144.80 and jumped till 145.10 level. GBP/JPY has close slightly above 144.80. It is currently trading around 144.88. Short term trend is still bullish as long …
The pair broken major resistance of 144.80 and jumped till 145.10 level. GBP/JPY has close slightly above 144.80. It is currently trading around 144.88.
Short term trend is still bullish as long as support 143.80 (resistance turned into support holds).
Any violation below 143.80 will drag the pair till 143.40/142.89 (23.6% retracement of 135.59 and 145.11).
On the higher side, daily closing above 145 will take the pair to next level 146.30/147.40.Any break above 147.40 will take the pair to the high of 148.45 (Dec 15th 2016 high).
It is good to buy on dips around 144.50 with SL around 143.80 for the TP of 145.40
