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 - EconoTimes)
GBPJPY has taken support near 34 H EMA and showed a minor pullback. It hit a high of 191.81 at the time of writing and is currently trading around 191.55.
Technicals-
The pair trades above 34- and 55 EMA in the hourly chart.
The near-term resistance is around 192, a breach above targets 193.08/194. The immediate support is at 191, any violation below will drag the pair to 190.50/190/189.48/188.90.
Indicator (hourly chart)
CCI (14)- Bullish
CCI (50)- Bullish
Average directional movement Index - Neutral (strength below 20). All indicators confirm a mild bullish trend.
It is good to buy on dips around 191 with SL around 190.40 for TP of 192./192.70.
