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GBPJPY Bullish on Consolidation: Holds Above 216 After 218 Top – Buy Dips at 217 Targeting 220 
, slight pullback till 0.7630 cannot be ruled out. - EconoTimes)
- RES 4: 0.7711 (61.8% retracement of 0.80335 and 0.7175)
- RES 3: 0.76630 (50% retracement of 0.7691 and 0.7390)
- RES 2: 0.7630 (Apr 3rd high)
- RES 1:0.7564 (Tenken-Sen)
PRICE: 0.75936@ 11:54 GMT
- SUP 1: 0.7545 (20 day 4HMA)
- SUP 2: 0.7485 (200 day 4HMA)
- SUP 3: 0.7435 (50% retracement of 0.7183 to 0.76912)
- SUP 4: 0.7390 (Apr 1st 2015)
Commentary:
NZD/USD has retreated till 0.7515 after making high of 0. term trend is bullish as long as resistance 0.7500 holds.
On the downside minor support is around 0.7515 any break below will drag the pair further down till 0.7485/0.7435 level.
It is good to buy around 0.7540 with stop around 0.7485 for the target of 0.763/0.7660.
