GBP/JPY: Buy on dips
Major support – 144 (200 H MA and Gann fan (2*1)
Major resistance – 145
The pair has taken support near 200 –HMA and jumped slightly from that level. It is currently trading around 144.32.
The intraday trend is slightly bullish as long as support 143.95 holds. Any violation below 143.95 will drag the pair down till 143.40/143.10.
On the higher side, any break above 144.52 will take the pair to next level till 145/145.70 in the short term.
It is good to buy on dips around 144.30 with SL around 143.95 for the TP of 145/145.60
Major resistance – 145
The pair has taken support near 200 –HMA and jumped slightly from that level. It is currently trading around 144.32.
The intraday trend is slightly bullish as long as support 143.95 holds. Any violation below 143.95 will drag the pair down till 143.40/143.10.
On the higher side, any break above 144.52 will take the pair to next level till 145/145.70 in the short term.
It is good to buy on dips around 144.30 with SL around 143.95 for the TP of 145/145.60
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