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Short

GBP/JPY trades weak, intraday bullishness only above 189.20

FX:GBPJPY   British Pound/Japanese Yen
243 4 9
GBP/JPY             has made a low of 188.18 and is currently trading around 188.55. Intraday trend is bearishness as long as 189.20 holds.

Any break above 189.20 would extend gains till 189.80/190.45 in short term.

On the downside minor support is around 188 and break below will target 187.40/186.

It is good to sell around 188.55-60 with SL around 189.20 for the TP of 187.40/186.
TahirAli
a year ago
Good point.Selling weak rallies will be good.
Reply
TahirAli
a year ago
I will go short if it hit 188.25.
Reply
TahirAli TahirAli
a year ago
I just woke up to see that my limit order never got filled as price never recovered back to 188.25.
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anish_206
a year ago
Wonderful Analysis :) TP2 also hit.
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