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GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 
- USD/THB is currently trading around 31.91 marks.
- It made intraday high at 31.94 and low at 31.89 marks.
- Intraday bias remains bullish till the time pair holds key support at 31.70 mark.
- On the top side, key resistances are seen at 31.94, 32.02, 32.10, 32.22 and 32.54 marks respectively.
- Alternatively, a daily close below 31.91 will drag the parity down towards key supports around 31.70, 31.58, 31.42, 31.28, 31.20 and 31.06 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take long position on USD/THB around 31.90, stop loss 31.84 and target of 32.02/32.10.
