GBP/JPY Is Bullish On Charts

SUMMARY:

The major trend of GBP/JPY is bullish. The pair is sustaining below the important level of 187.80 & consolidating with a  positive bias. The pair is showing strength in buying side. We can expect it to continue its ongoing trend. Today, if it breaks the level of 187.80  at upside we can expect it to test the level of 188.30 . RSI is also sustaining in buying  territory
In MACD , MACD line has recently broke the  zero line upside,  supporting the positive side movement for next few  sessions.

Today's Chart: GBP/JPY ( HOURLY )

STRATEGY :

GBP/JPY  is successfully  sustaining on higher  level & looking  further bullish on charts. One can go for buy on dips  strategy for this pair for intra day to mid term positions.

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2145	1.2156	1.2162	1.2173	1.2179	1.2190	1.2196
GBP/USD	1.5523	1.5536	1.5544	1.5557	1.5565	1.5578	1.5586
USD/JPY	120.25	120.29	120.36	120.40	120.47	120.51	120.58
USD/CHF	0.9861	0.9866	0.9875	0.9880	0.9889	0.9894	0.9903
AUD/USD	0.8093	0.8102	0.8108	0.8117	0.8123	0.8132	0.8138
EUR/GBP	0.7810	0.7816	0.7820	0.7826	0.7830	0.7836	0.7840
USD/CAD	1.1601	1.1608	1.1620	1.1627	1.1639	1.1646	1.1658
NZD/USD	0.7728	0.7736	0.7742	0.7750	0.7756	0.7764	0.7770

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