- GBP/JPY has taken support near trend line 180 (trend line joining 167 and 174.86) and slightly recovered till 182.35 from that level.
- The pair’s further weakness can be seen only below 179.90
- Any break below 179.90 will drag the pair further down till 177.20/175 in short term.
- The pair’s minor support is around 181.40/181.
- On the higher side any break above 181.65 confirms intraday bullishness, a jump till 182.75/183.35.
It is good to buy at dips around 182 with SL around 181.40 for the TP of 183.30
The material has been provided by InstaForex Company – www.instaforex.com