- GBP/JPY has recovered after making low of 193.02. So it has formed temporary bottom around 193 and any weakness only below that level.
- On the downside any break below will target 192.60/192.40.
- The pair’s major resistance is around 194 and break above would extend gains till 195/195.60.
- Bearish invalidation only if it closes below 193.
Indicator (4 hours)CCI (50)- BuyIchimoku- BuyIt is good to buy at dips around 193.45-50 with SL around 192.95 for thr TP of 195/195.60
The material has been provided by InstaForex Company – www.instaforex.com