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- GBP/JPY has taken support near trend line 180 (trend line joining 167 and 174.86) and slightly recovered from that level.
- The pair's further weakness can be seen only below 179.90.
- Any break below 179.90 will drag the pair further down till 177.20/175 in short term.
- On the higher side any break above 181.65 confirms intraday bullishness, a jump till 182.75/183.35.
It is good to buy at dips around 180.80 with SL around 179.90 for the TP of 182.80
