GBPJPY Intraday Buy: Targeting 200.60 After Dip to Support

Wait 5 sec.

GBPJPY Intraday Buy: Targeting 200.60 After Dip to SupportBRITISH POUND VS JAPANESE YENTRADENATION:GBPJPYSignal_Centre1GBPJPY – Buy Limit Entry: 198.60 Target: 200.60 Stop Loss: 198.10 Type: Intraday Trade Idea: The primary trend remains bullish, and the sequence for trading is higher highs and lows. We look for a temporary move lower with bespoke support located at 198.60. The preferred trade is to buy on dips, aiming for a move back towards recent resistance levels. Resistance Levels: 200.00 / 200.50 / 200.80 Support Levels: 199.00 / 198.50 / 197.80 Next Volatile Events: No events in the next 24 hours Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.