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Short

GBP/JPY breaks major support 192.60, targets 190.55

FX:GBPJPY   British Pound/Japanese Yen
224 1 8
GBP/JPY             has broken short term support at 192.60 and this confirms short term weakness till 190.50 can be seen.

On the downside minor support is around 191.78 and break below will target 191/190.55.

Short term bullishness can be seen only above 193 . Any indicative break above that level would extend gains till 193.35/194 in short term.

It is good to sell on rallies around 192.50-55 with SL around 193.10 for the TP of 190.55
DarrynLaMonte
a year ago
I am new and studying different ideas. Would you consider this idea still valid to this point? I would think so but its your idea. If not, why? Thanks!
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