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GBP/JPY has recovered after making a low of 182.45 and is currently trading at 184.03. Intraday trend is bullish as long as support 183.50 holds.
- Any break below 183.50 will drag the pair further down till 183./182.45 in short term.
- On the higher side pair's minor resistance is around 184.30 and break above would extend gains till 184.75/185.55/186.20.
- Bearish invalidation only above 187.30.
It is good to buy at dips around 184-184.05 with SL around 183 for the TP of 185.45/186.20
