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Short

GBP/JPY trades lower after BOJ left policy unchanged,targets 182

FX:GBPJPY   British Pound/Japanese Yen
250 0 6
GBP/JPY             has retreated after making a high of 186.10 today morning after BOJ monetary policy .

BOJ left its policy unchanged along with a less upbeat economic assessment. It also maintained the annual target of monetary pace expansion at JPY 80T.

The pair recovered from low of 184.61 which was made yesterday. Overall trend is still weak as long as short term resistance 186.65 holds.

Any break above 186.65 will take the pair further up till 187.40/188.

On the downside major support is around 184 and break below targets 182/180.55.

It is good to sell on rallies around 185-185.10with SL around 185.65 for the TP of 184.20/182.
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