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Short

GBP/JPY faces major support 186.40, break below targets 185

FX:GBPJPY   British Pound / Japanese Yen
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GBP/JPY             has made a high of 188.27 yesterday and retreated from that level. It is currently trading at 186.56.

Intraday major support is around 186.40 ( trend line joining 184.24 and 186.21) and any break below will drag the pair further down till 185.60/185 in short term.

On the higher side minor resistance is around 187.10 and any break above would extend gains till 187.40/188.

Overall trend reversal only below 184.

It is good to sell around 186.45-50 with SL around 187.10 for the TP of 185.60/185.
Shorting now at 186.55. Good luck guys
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