GBPJPY to break to the upside?

18 thg 10, 2023

GBPJPY - 24h expiry

Buying pressure from 181.01 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Previous resistance located at 182.80.
Short term bias is mildly bullish.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 182.80, which will confirm the bullish sentiment.

We look to Buy a break of 182.80 (stop at 182.16)

Our profit targets will be 184.54 and 184.94

Resistance: 184.30 / 186.75 / 188.50
Support: 181.55 / 180.30 / 178.55

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