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FxWirePro: GBP/JPY faces minor support around 172.95, good to buy at dips

Tuesday, February 2, 2016 7:01 AM UTC

Major support - 172.95 (55 day H EMA)
The pair has declined till 173.14 at the time of writing and started to recover from that level.
Intraday trend is slightly bullish as long as support 172.95 holds. On the higher side major resistance is around 174 and break above will take the pair till 175/176.30.
Overall bullish invalidation only below 171.50.

It is good to buy at dips around 173.50 with SL around 172.95 for the TP of 175/176.30

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FxWirePro: GBP/JPY faces minor support around 172.95, good to buy at dips

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