FxWirePro:GBP/JPY faces major intraday support at 144, good to buy on dips
Tuesday, January 3, 2017 6:57 AM UTC
- Major support – 144 (200 H MA and Gann fan (2*1)
- Major resistance – 145
- The pair has taken support near 200 –HMA and jumped slightly from that level. It is currently trading around 144.40.
- The intraday trend is slightly bullish as long as support 143.95 holds. Any violation below 143.95 will drag the pair down till 143.40/143.10.
- On the higher side, any break above 144.52 will take the pair to next level till 145/145.70 in the short term.
It is good to buy on dips around 144.30 with SL around 143.95 for the TP of 145/145.60