GBP/JPY trades above trend line, good to buy on dips
GBP/JPY was trading higher in the European session on fresh Brexit news. The pair recovered almost 100 within an hour after positive Brexit news. The pair broken the temporary top around 150.18 and jumped till 150.198. It is currently trading around 150.09.
The GBP was shown a good recovery after news in the streets that EU parliament will call for the UK to have privileged single market access. GBP/JPY technically has broken above 150.18 and a jump till 150.82/151.30 is possible.
On the lower side, near term support is around 149.60 and any break below will drag the pair till 149/148.50.
It is good to buy on dips around 149.90-150 with SL around 149.50 for the TP of 150.82/151.30.
The GBP was shown a good recovery after news in the streets that EU parliament will call for the UK to have privileged single market access. GBP/JPY technically has broken above 150.18 and a jump till 150.82/151.30 is possible.
On the lower side, near term support is around 149.60 and any break below will drag the pair till 149/148.50.
It is good to buy on dips around 149.90-150 with SL around 149.50 for the TP of 150.82/151.30.
