GBPJPY surged nearly 250 pips this week on the weak Yen. It hits an intraday high of 169.25 and is currently trading around 169.19. The near-term support is about 168.40, a breach below targets 167/165.95/164/163. The immediate resistance is around 169.25, a jump above will take the pair to 170/172.
It is good to buy on dips around 169 with SL around 168.40 for TP of 172
It is good to buy on dips around 169 with SL around 168.40 for TP of 172