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GBP/JPY Trade Idea

Monday, November 9, 2015 10:47 AM UTC

GBP/JPY has recovered after making a low of 184. term trend is still bullish as long as 184.30 holds.

Any break below 184.30 will drag the pair till 183.90/183.40.
The pair's minor support is around 185.70 and break below targets 185.20/184.75/184.30.
On the higher side minor resistance is around 186.30 and break above targets 187/187.70.

It is good to buy at dips around 185.40-50 with SL around 184.25 for the TP of 187/187.50

Resistance

R1-186.30

R2-187

R3- 187.60

Support

S1- 185.70

S2-185.20

S3-184.75

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GBP/JPY Trade Idea

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