GBP/JPY faces major support 186.40, break below targets 185
GBP/JPY has made a high of 188.27 yesterday and retreated from that level. It is currently trading at 186.56.
Intraday major support is around 186.40 (trend line joining 184.24 and 186.21) and any break below will drag the pair further down till 185.60/185 in short term.
On the higher side minor resistance is around 187.10 and any break above would extend gains till 187.40/188.
Overall trend reversal only below 184.
It is good to sell around 186.45-50 with SL around 187.10 for the TP of 185.60/185.
Intraday major support is around 186.40 (trend line joining 184.24 and 186.21) and any break below will drag the pair further down till 185.60/185 in short term.
On the higher side minor resistance is around 187.10 and any break above would extend gains till 187.40/188.
Overall trend reversal only below 184.
It is good to sell around 186.45-50 with SL around 187.10 for the TP of 185.60/185.