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GBP/JPY takes support around 193 level, jump till 194.20 is possible

Friday, August 21, 2015 6:24 AM UTC

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 193.10-15 with SL around 192.70 for the TP of 193.80/194.25

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GBP/JPY takes support around 193 level, jump till 194.20 is possible

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