GBP/JPY breaks minor trend line resistance, targets 152.40/153.80
Pattern Formed- Bullish divergence Minor trend line resistance -150.60 (trend line joining 157.95 and 156.26) The pair has recovered after making a low of 149.65 today. It is currently trading around 151. GBP/JPY ahs jus…
Minor trend line resistance -150.60 (trend line joining 157.95 and 156.26)
The pair has recovered after making a low of 149.65 today. It is currently trading around 151. GBP/JPY ahs just now broken minor trend line resistance 150.60 and jumped till 151.18 at the time of writing.
On the lower side the low made yesterday will be acting as short term support and any break below targets 148.60/147.95.The minor support is around 150.50/150.
The major intraday resistance is at 151.20 and break above will take the pair to next immediate resistance till 151.60/152.40/153.80 (55 4H EMA).
It is good to buy at dips around 151 with SL around 150 for the TP of 152.40/153.80