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Short

GBP/JPY faces strong resistance 194, targets 192

FX:GBPJPY   British Pound/Japanese Yen
239 0 4
GBP/JPY             has made a high of 194.36 and declined till 192.88. It is currently trading at 193.53. Overall trend is bearish as long as resistance 194.35 holds.

On the downside major support is around 192.60 and break below targets 192/190.55.

The minor support is around 193.20/192.60.

On the higher side minor resistance is around 194 and break above will take the pair till 194.35/195.

It is good to sell around 193.55-60 with SL around 194.35 192.60/192

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