GBPJPY - Intraday - We look to Buy a break of 156.52 (stop at 156.19)
Our short term bias remains positive.
Current prices have reacted from a high of 156.50, however, we expect further gains to follow.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
We need to see a break of bespoke resistance (at 156.50) to confirm the positive outlook.
Our profit targets will be 157.38 and 157.58
Resistance: 156.10 / 156.50 / 156.90
Support: 155.80 / 155.50 / 155.00
Our short term bias remains positive.
Current prices have reacted from a high of 156.50, however, we expect further gains to follow.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
We need to see a break of bespoke resistance (at 156.50) to confirm the positive outlook.
Our profit targets will be 157.38 and 157.58
Resistance: 156.10 / 156.50 / 156.90
Support: 155.80 / 155.50 / 155.00
