GBPJPY- Hammer pattern
Candlestick pattern- Hammer (daily chart)
The near-term resistance is around 186.40,a breach above targets 187/188.13 (Sep 9th high).Major trend continuation only above 190. The immediate support is at 185.40, any violation below will drag the pair to 185/184.56/183.58/182.79.
It is good to buy on dips around 185.58-60 with SL around 184.56 for a TP of 188.
The near-term resistance is around 186.40,a breach above targets 187/188.13 (Sep 9th high).Major trend continuation only above 190. The immediate support is at 185.40, any violation below will drag the pair to 185/184.56/183.58/182.79.
It is good to buy on dips around 185.58-60 with SL around 184.56 for a TP of 188.
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