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GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206 
- RES4: 1.5564 (200 day HMA)
- RES4: 1.5530
- RES3:1.5487 (38.2% retracement of 1.5698 and 1.5350)
- RES2: 1. 5430 (55 day H EMA)
PRICE: 1.5392@ 10:34 GMT
- SUP 2: 1.5390 (May 11th high)
- SUP3: 1.5350 (May 8th high)
- SUP4: 1.5325 (38.2% retracement of 1.4600 and 1.51822)
- SUP 4 : 1.5250
GBP/USD has formed double bottom around 1.5350 and recovered from that level. Intraday tend is bullish as long as support 1.5350 holds.
On the upside minor resistance is around 1.5430 and any break above would extend gains till 1.5470/1.5520 in short term.
It is good to buy at dips around 1.5380 with SL 1.5350 for the TP 1.5470/1.5520.
