GBP/JPY is in uptrend & prices are sustaining on higher level. It is sustaining in a downward chanel ,which is expected to give a breakout upside. If GBP/JPY breaks the level of 188 it can come up to the levels of 188.28/50. RSI is also sustaining above the 50 level & showing strength to breaking it upside & indicating to continue its uptrend for today also. MACD line is sustaining above the Zero line & supporting the upside movement for next few sessions.
STRATERGY :- GBP/JPY is looking strong on charts. Indicators also supporting the same. One can go buy on dips strategy for this pair for intra day to mid term positions.
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