Description
⋅ GBP/JPY has broken major resistance 179.28 which confirms short term bullishness a jump till 181 cannot be ruled out.
On the downside major support is around 178.50 (200 day 4HMA) and break below will drag the pair further down till 178/177.40.
Indicators (4 Hour chart)
Woddies CCI (14) – Buy
CCI (50) – Buy
Ichimoku- Buy
We prefer to Buy GBP/JPY around 179.28 with stop around 178.48 for the target 181.