GBP/JPY trades below short term trend line, targets 193

FX:GBPJPY   British Pound / Japanese Yen
148 0 4
GBP/JPY             has retreated after making a high of 195.01 yesterday. Intraday trend is still weak as long as resistance 194.60 holds.

On the downside minor support is around 193.75 and any break below will drag the pair further down till 193.40/193/192.20.

Major intraday support is at 193 and intraday resistance is around 194.60.

It is good to sell on rallies around 193.95-194 with SL around 194.61 for the TP of 193.10/192.20
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