GBP/JPY trades lower, good to sell on rallies
GBP/JPY has made a low of 184.23 and slightly recovered from that level. overall trend is still weak as long as resistance 185.65 holds
The pair recovered from low of 184.23 which was made yesterday till 184.90. the pair's minor resistance is around 185.
Any break above 186.65 will take the pair further up till 187.40/188.
On the downside major support is around 184 and break below targets 182/180.55.
It is good to sell on rallies around 185-185.10 with SL around 185.65 for the TP of 184.20/182.
The pair recovered from low of 184.23 which was made yesterday till 184.90. the pair's minor resistance is around 185.
Any break above 186.65 will take the pair further up till 187.40/188.
On the downside major support is around 184 and break below targets 182/180.55.
It is good to sell on rallies around 185-185.10 with SL around 185.65 for the TP of 184.20/182.