FxWirePro
Short

GBP/JPY faces support at 186.25, break below targets 185

FX:GBPJPY   British Pound/Japanese Yen
200 0 4
GBP/JPY             is trading in narrow range 187.30 and 186.47 yesterday . The pair is currently trading at 186.84

The pair's further bullishness can be seen only above channel trend line break out ( trend line joining 184.85 and 186.30) and break above targets 188/188.25.

On the downside weakness can be seen only below breakout of trend line 186.25 and break below targets 185.40/185/184.40.

It is good to sell only below 186.25 with SL around 187 for the TP of 185.40/184.50
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