GBP/JPY trades well above 193, targets 195
GBP/JPY has recovered after making a low of 192.28. It is currently trading at 193.70 and made a high of 193.95 yesterday.
Short term trend is bullish as long as support 193 holds.
Any break below 193 will drag the pair further down till 192.60/192.25.
Bullish invalidation if it closes below 192.25.
On the higher side minor resistance is around 194 and break above will extend gains till 195/195.60.
It is good to buy at dips around 193.75-80 with SL around 193 for the TP of 195/195.60
Short term trend is bullish as long as support 193 holds.
Any break below 193 will drag the pair further down till 192.60/192.25.
Bullish invalidation if it closes below 192.25.
On the higher side minor resistance is around 194 and break above will extend gains till 195/195.60.
It is good to buy at dips around 193.75-80 with SL around 193 for the TP of 195/195.60