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 - EconoTimes)
GBPJPY trading in a narrow range between 191.76 and 193.32 in the past two days. It hit a low of 192.51 at the time of writing and is currently trading around 193.23.
Intraday trend is bullish as long as support 192.40 holds.
Technicals (15 min chart)
The pair is trading above short-term 34,55 EMA (190.23 and 191.72) and long-term 200 EMA (191.51) in the 15-minute chart.
The near-term resistance is around 193.32, a breach above targets 193.70/194.14 The immediate support is at 192.80, any violation below will drag the pair to 192.40/192/191.70.
Indicator (15 min chart)
CCI (50)- Bullish
Average directional movement Index - Bullish. All indicators confirm a bullish trend.
It is good to buy above 193.32 with SL 192.80 for a TP of 194.15/194.50.
