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