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Short

GBP/JPY Watch out for 185.70 for further weakness

FX:GBPJPY   British Pound / Japanese Yen
281 1 6
GBP/JPY             has made a high of 187 and retreated from that level.Overall trend is bearish as long as 187 holds.

On the lower side major support is around 185.70. Any break below 185.70 will drag the pair further down till 185.40/184.70/184.40.

The pair's major resistance is around 187.60 and break above will take the pair till 188.25/189.

It is sell on rallies around 186.35-40 with SL around 187 for the TP of 185/184.70
I believe this is a lot bigger and could keep dropping to 174ish upon braking out the support you mentioned. Check my latest 2 ideas out.
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