GBP/JPY takes support at 193, jump till 195 is possible
Potential reversal zone (PRZ) - 193
GBP/JPY retreated after making a high of 195.25.Overall trend is still bullish as long as support 193 holds.
Any break below 193 will drag the pair further down till 192/191 in short term.
On the higher side GBP/JPY is facing short term resistance around 194.20 and any break above will target 195/195.25.
It is good to buy at dips around 193.50 with SL around 192.95 for the TP of 194.50/195
GBP/JPY retreated after making a high of 195.25.Overall trend is still bullish as long as support 193 holds.
Any break below 193 will drag the pair further down till 192/191 in short term.
On the higher side GBP/JPY is facing short term resistance around 194.20 and any break above will target 195/195.25.
It is good to buy at dips around 193.50 with SL around 192.95 for the TP of 194.50/195