GBP/JPY breaks major trend line support 184.40, targets 182.80
Major support -184.40 (trend line joining 180.66 and 184.25)
The pair has broken major support 184.40 and closed below that level yesterday. It is currently trading around 184.06. Short term trend is weak as long as resistance 185.25 holds.
Any break above 185.25 will take the pair to next level 185.60/186.
On the downside support is around 183.80 and break below targets 182.75/181.80
It is good to sell on rallies around 184.20-30 with SL 185.30 for the TP of 183/181.85
The pair has broken major support 184.40 and closed below that level yesterday. It is currently trading around 184.06. Short term trend is weak as long as resistance 185.25 holds.
Any break above 185.25 will take the pair to next level 185.60/186.
On the downside support is around 183.80 and break below targets 182.75/181.80
It is good to sell on rallies around 184.20-30 with SL 185.30 for the TP of 183/181.85