FxWirePro
Long

GBP/JPY breaks major resistance 185.30, targets 187/187.45

FX:GBPJPY   British Pound/Japanese Yen
287 2 8
GBP/JPY             faces strong resistance around 185.30 and overall trend reversal can happen above that level.

Any break above 185.30 targets 187/187.45 in short term.

On the downside minor support is around 184.40 and break below targets 183.90/183.40.

It is good to buy above 185.30-35 with SL around 184.40 for the TP of 187/187.45
nixdem
a year ago
Why it is considered a demand zone and not a supply one?
+1 Reply
FxWirePro nixdem
a year ago
If it breaks that level lot of buying will happen
+2 Reply
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