FxWirePro
Short

GBP/JPY faces strong resistance at 188.25,good to sell on rallie

FX:GBPJPY   British Pound/Japanese Yen
256 1 4
Potential Reversal Zone (PRZ) -188.25

GBP/JPY             has made a high of 187.98 and retreated from that level. It is currently trading at 187.55. Overall trend reversal can happen only above 188.

Any trade above 188.25 will take the pair to next level 189/190.

The pair's downside minor support is around 186.35 ( trendline joining 185.99 and 186.27) and break below targets 185.99/185.70.

Major support is around 185.70 and break below confirms intraday weakness , a decline till 185/184.70 is possible.

It is good to sell around 187.60 with SL around 188.25 for the TP of 185.70/185
SyedMunib
a year ago
dear your prev 3 post about gbp jpy was sell but then get high. and touch the sl hope for the best that today is good day for us
+1 Reply
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