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Short

GBP/JPY recovers from low of 191.30, good to sell on rallies

FX:GBPJPY   British Pound/Japanese Yen
265 0 8
GBP/JPY             has recovered till 193.50 after making a low of 191.30. Further bullishness can be seen only above that level.

On the down side minor support is around 192 and break below will drag the pair further down till 191.30/190.55 levels.

Any indicative break of 193.50 would result in 194.13/194.80 level.

Intraday bullishness only above 193

It is good to sell on rallies around 192.35-40 with SL around 193 for the TP of 191.35
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