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GBP/JPY struggles to close above 194, targets 192

Short
British Pound / Japanese Yen (FX:GBPJPY)  
FxWirePro  
FX:GBPJPY   British Pound / Japanese Yen
3
0
GBP/JPY once again made a high of 194.22 and retreated from that level. Overall trend is still weak as long as resistance 194.60 holds.

Any break above major resistance 194.60 targets 195/195.85.

On the downside minor support is around 193.75 and any break below will drag the pair further down till 193.40/193/192.30.

Bullish invalidation only below 190.50.

It is good to sell on rallies around 193.75 With SL around 194.70 for the TP of 192/191.10.
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