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Short

GBP/JPY breaks major support 193, targets 190.60

FX:GBPJPY   British Pound/Japanese Yen
226 0 6
Potential Reversal zone (PRZ)- 193

GBP/JPY             has broken short term trend line support and also PRZ . It confirms short term weakness , a decline till 190.55 cannot be ruled out.

On the downside any break below will target 192/190.60 in short term.

The pairs minor resistance are 193.10/193.75/194.25.

Weekly

Major resistance - 194.25

Major support - 192

It is good to sell on rallies around 192.85-90 with SL around 193.60 for the TP of 191/190.55.
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