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FxWirePro:GBP/JPY trades support near trend line ,good to buy on dips

Monday, May 14, 2018 5:56 AM UTC

GBPJPY has taken support near trend line and shown a good jump from that level. The pair jumped almost 130 pips from the low of 147.05.It is currently trading around 148.35.
On the higher side, 148.35 55-W EMA will be acting as major resistance and any break above will take the pair till 149 (34- W EMA)/149.35/150.
On the lower side, major support is around 147 and nay break below will drag the pair till 146/145.

It is good to buy on dips around 148-148.05 with SL around 147 for the TP of 149.95/150

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FxWirePro:GBP/JPY trades support near trend line ,good to buy on dips

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