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Short

GBP/JPY Daily Outlook

FX:GBPJPY   British Pound/Japanese Yen
74 0 0
GBP/JPY             is retreating after making a top around 184.31. In one hour chart it is trading below Tenkan-Sen and Kijun-Sen which indicates slight weakness for the intraday.
Minor resistance is around 182.75. Any break above will target 183.20/183.78.
Intraday major support is around 181.85. Any indicative break below would extend loss to 181.10.
Recommendation: Sell GBP/JPY             around 182.35-40, SL 182.75, Target 181.85/181.20.
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