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GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 
Asian markets are trading higher especially Nikkei holding well above 20000 level following footsteps of Wall Street.US markets was trading higher for 5th consecutive day with Dow Jones 24001 (0.51% higher) and S&P500 2596 (0.45% higher). Shanghai is trading slightly higher and is currently trading around 2537 (0.11% higher). Nikkei is trading slightly higher at 20333 (0.16% higher).
USDJPY has shown a minor recovery of more than 50 pips from low of 107.77. Minor weakness can be seen below 107.50 and any violation below targets 106.80/106. It is currently trading around 108.29.
On the lower side, near term support is around 19900 and any break below targets 19600/19000.
The near term resistance is at 20510 (38.2% fib) and any break above targets 20926 (55-day EMA)/21300.
It is good to buy on dips around 19900 with SL around 19600 for the TP of 20509.
