FxWirePro

GBP/JPY faces strong support at 180.85, good to buy at dips

Long
FX:GBPJPY   Livre sterling / Yen japonais
12
GBP/JPY has made a high of 183.04 and declined till 180.85 yesterday. It is currently trading at 181.68.

Overall trend is bullish as long as 180.85 holds. Any break below 180.85 will drag the pair further 180.35/180.

Intraday minor resistance is around 181.80 and any break above targets 183.20/184.

It is good to buy at dips around 181.75-80 with SL around 180.85 for the TP of 183.20/184
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