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- Pattern Formed- Bullish divergence
- Minor trend line resistance -150.60 (trend line joining 157.95 and 156.26)
- The pair has recovered after making a low of 149.65 today. It is currently trading around 151. GBP/JPY ahs just now broken minor trend line resistance 150.60 and jumped till 151.18 at the time of writing.
- On the lower side the low made yesterday will be acting as short term support and any break below targets 148.60/147.95.The minor support is around 150.50/150.
- The major intraday resistance is at 151.20 and break above will take the pair to next immediate resistance till 151.60/152.40/153.80 (55 4H EMA).
It is good to buy at dips around 151 with SL around 150 for the TP of 152.40/153.80
