FxWirePro
Short

GBP/JPY struggles break above 187.35, good to sell on rallies

FX:GBPJPY   British Pound/Japanese Yen
212 0 4
GBP/JPY             made a high of 187.33 yesterday and has started to retreat from that level. It is currently trading at 186.74.

On the downside major support is around 185.60 (23.6% retracement of 180.35 and 187.33) and any break below will drag the pair further down till 184.75/184 in short term.

The minor support is around 186.40

Overall bullish invalidation only below 184.

The pair’s major resistance is around 187.33 and any break above will take the pair further up till 188/189.90.

It is good to sell on rallies around 186.75-80 with SL around 187.40 for the TP of 185.65/185
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out