Pattern Formed: Bullish Gartley
GBP/JPY has recovered after making a low of 182.19. Overall trend is still bullish as long as support 181.40 holds.
On the upside minor resistance is around 183.10 and any break of will target 183.70/184 in short term. The pair’s support is around 182.60 and below that it can reach 182.10/181.45.
It is good to buy at decline around 182.08 for the target of 184.
Indicators (1 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Buy GBP/JPY around 182.10, SL 181.40, Targets 183.10/183.90.
GBP/JPY has recovered after making a low of 182.19. Overall trend is still bullish as long as support 181.40 holds.
On the upside minor resistance is around 183.10 and any break of will target 183.70/184 in short term. The pair’s support is around 182.60 and below that it can reach 182.10/181.45.
It is good to buy at decline around 182.08 for the target of 184.
Indicators (1 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Buy GBP/JPY around 182.10, SL 181.40, Targets 183.10/183.90.