- GBP/JPY once again made a low of 193.03 and recovered from that level. Overall trend is still bullish as long as support 193 holds.
- Any break below 193 will take the pair further down till 192.50/192.18/190.99.
- Short term weakness if it closes below 192.50.
- On the higher side minor is resistance is around 193.80 and any break above would extend gains till 194.35/194.60/195.
- Bullish invalidation only below 190.50.
It is good to buy at dips around 193.50-55 with SL around 193 for TP of 194.60/195
The material has been provided by InstaForex Company – www.instaforex.com