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GBP/JPY trades well above 200 day MA, targets 187.45/188

GBP/JPY breaks and trades well above 200 day MA and also above major resistance 185. overall trend is bullish a jump till 187.45/188.26 level. On the downside minor support is around 185.30 and any break below targets 18…

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GBP/JPY trades well above 200 day MA, targets 187.45/188
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GBP/JPY breaks and trades well above 200 day MA and also above major resistance 185. overall trend is bullish a jump till 187.45/188.26 level.

  • On the downside minor support is around 185.30 and any break below targets 18475/184.40.
     
  • Overall weakness only below 184.40.

It is good to buy at dips around 185.65-70 with SL around 184.40 for the TP of 187.45/188.25

 

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