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Short

GBP/JPY breaks trend line support ,targets 182.50

FX:GBPJPY   British Pound/Japanese Yen
261 0 11
GBP/JPY             has made a high of 184.69 and declined from that level. It is currently trading at 183.46

The pair has broken short term trend line support 183.90 ( trend line joining 181.96 and 183) and which confirms short term weakness , a decline till 183/182.45 is possible .

Intraday bullishness can be seen only above 184.05 and break above will take the pair to next level 184.70/185.20.

It is good to sell on rallies around 183.50-55 with SL around 184.10 for the TP of 183/182.50
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