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Short

GBP/JPY trades below 185 handle,decline till 183 is possible

FX:GBPJPY   British Pound/Japanese Yen
243 0 7
GBP/JPY             has made a low of 184.32 and slightly recovered from that level. It is currently trading at 184.71.

Short term trend is weak as long as resistance 185.60 holds. Any break above 185.60 targets 186/187.

On the lower side major support is around 184.30 and break below will drag the pair further down till 183.80/183.

Overall bearish invalidation only above 188.

It is good to sell on rallies around 184.70-75 with SL around 185.60 for the TP of 183.80/183.
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