GBP/JPY Trade Idea

GBP/JPY breaks short term trend line support 192.97 and slightly recovering from that level.

• Intraday trend is bullish as long a support 192.70 holds. Any break below 192.70 will drag the pair further down till 192/191.
• On the higher side minor resistance is around 193.50 and break above would extend gains till 194.25/194.60.

It is good to buy around 192.30 with SL around 191 for the TP of 193.80/194.25

Resistance

R1- 193.50

R2-194.25

R3- 194.60

Support

S1-192.70

S2-191.95

S3-190.60