On the upside break of 187.30 will take the pair to 187.80/189.20 in short term. The pair’s minor support is around 186 and any indicative break below would extend loss to 185/184.40.
In the hourly chart it has also formed divergence in and is expected to show slight weakness for the intraday.
(50) – Buy
(14) – Sell
Recommendation: Sell GBP/JPY around 186.50-55, SL 187.30, Target 185.02