FxWirePro
Short

GBP/JPY struggles to close above 185, good to sell on rallies

FX:GBPJPY   British Pound/Japanese Yen
334 1 5
GBP/JPY             has slightly recovered till 184.90 after breaking major support 184.30. Overall trend is still weak as long as resistance 185 (trend line joining 185.77 and 185.31) holds.

Any break above 185 will take the pair to next level 185.60/186.

Major trend reversal only above 186 .

It is good to sell on rallies around 184.45-50 with SL around 185.05 for the TP of 183.80/183
CesarUrbini
a year ago
Agree with the analysis, even though this pair is consolidated and, therefore, not so good to trade.
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