FxWirePro
Short

GBP/JPY retreats from higher levels, good to sell on rallies

FX:GBPJPY   British Pound/Japanese Yen
147 0 5
GBP/JPY             has made a high of 189.20 today morning and has started to retreat from that level. Overall trend is weak as long as 189.20 holds.

On the downside minor support is around 187.60 and any break below will drag the pair further down till 187/186.25.

The pair’s minor resistance is around 188.20 and break above would extend gains till 189/20/190.

It is good to sell on rallies around 187.70-75 with SL around 188.30 for TP of 186.60/186.25
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