GBP/JPY takes support near trend line,good to sell on rallies
Major support -183.60 (trend line joining 184.32 and 183.97)
GBP/JPY has taken support near trend line support 183.76 and slightly recovered from that level. Short term trend is still weak as long as resistance 185.20 holds.
On the higher side any break above 185.20 will take the pair to next level 185.50/186.25.
Any break below 183.60 will confirm minor trend reversal a decline till 183/181.85.
It is good to sell on rallies around 184.75-80 with SL around 185.25 for the TP of 183.70/183
GBP/JPY has taken support near trend line support 183.76 and slightly recovered from that level. Short term trend is still weak as long as resistance 185.20 holds.
On the higher side any break above 185.20 will take the pair to next level 185.50/186.25.
Any break below 183.60 will confirm minor trend reversal a decline till 183/181.85.
It is good to sell on rallies around 184.75-80 with SL around 185.25 for the TP of 183.70/183
