GBP/JPY breaks channel resistance around 193.60,targets 195
GBP/JPY has trading in narrow range between 193-193.88 yesterday. Any further weakness can be seen only below 193 level.
It has also broken short-term channel resistance 193.60 whic confirms short term bullishness , a jump till 194.35/195 cannot be ruled out .
On the downside any break below 193 will target 192.60/192 in short term.
Short term trend reversal only below 192.60.
It is good to buy at dips around 193.55-60 with SL around 193 for the TP of 194.35/195.
It has also broken short-term channel resistance 193.60 whic confirms short term bullishness , a jump till 194.35/195 cannot be ruled out .
On the downside any break below 193 will target 192.60/192 in short term.
Short term trend reversal only below 192.60.
It is good to buy at dips around 193.55-60 with SL around 193 for the TP of 194.35/195.