Gbp/jpy Takes Support Around 179.28, Jump Till 183 Is Possible

  • GBP/JPY has retreated till 179.28 (resistance turned into support) and recovered from that level. Intraday bias is on upside and a jump till 183 cannot be ruled out.
  • On the downside major support is around 179.28 and break below will drag the pair further down till 178.40 (200 day 4HMA)/177.40.

  Indicators (4 Hour chart)

Woddies CCI (14) – Buy

CCI (50) – Buy

Ichimoku- Buy  

We prefer to Buy GBP/JPY around 179.50 with stop around 178.40 for the target 181.10/183. 

The material has been provided by InstaForex Company –

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