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Short

GBP/JPY breaks trend line support, targets 184.40

FX:GBPJPY   British Pound/Japanese Yen
240 0 5
Potential Reversal Zone - 185.80.

The pair has broken major trend line support ( trend line joining 181.82 and 184.30) and declined till 185.63.

Short term trend - Bearish .

Trend reversal level -187. Any break above 187 will take the pair to next level 188/188.25. Minor resistance is around 186.20

Major intraday support -185.40 and break below targets 184.80/184.30.

It is good to sell on rallies around 186-186.10 with SL around 187 for the TP of 185./184.40
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