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- RES 4: 186.39.
- RES 3: 185.05 (Feb 26th high).
- RES 2: 184.36 (61.8% retracement of 189.67 and 175.77).
- RES 1: 183.70 (mar 5th high)
PRICE: 121.85 @ 6:20GMT
- SUP 1: 182.70 (20 day 4HMA).
- SUP 2: 182.30 (200 Day 4 Hour EMA).
- SUP 3: 181( Feb 12th low).
- SUP 4: 180.
Commentary:
GBP/JPY has once again recovered after making a low of 181.45. Overall trend is bullish as long as major support 181 holds. On downside any below 181 could pave the way for next target around 180.
The break of short term resistance 183.70( 5th MAR High) confirms short term bullishness and a jump till 185 cannot be ruled out .
