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GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas 
- Major support – 1.1100
- EURO is consolidating after hitting 1.12566 at the time of writing and is just slightly below the year high of 1.12678 level. Long tailed bullish candle on Tuesday confirms that downside is rejected at 1.1100 and any further weakness can be seen only below that level.
- Markets await U.S ADP employment data which is to be released today and U.S Non-Farm payroll data on Friday for further direction. Any violation above 1.12678 yearly high will take the pair to next level till 1.1300 Nov 2016 high. The pair should close above 1.1300 for further bullish continuation.
- On the lower side, any break below 1.1100 (23.6% retracement of 1.105694 and 1.12678) will drag the pair down till 1.1050/1.1000. The near term support is around 1.1180 (200- HMA)/1.1160.
It is good to buy above 1.12675 with SL around 1.1200 for the TP of 1.1300/1.13660.
