- GBP/JPY has recovered till 189.90 yesterday after making a low of 183.20. Overall trend is weak as long as resistance 190 holds.
- On the downside minor support is around 187.60 and any break below will drag the pair further down till 187/185.85.
- The pair’s minor resistance is around 188.20 and break above would extend gains till 189.20/190.
It is good to sell on rallies around 188.80-90 with SL around 190 for TP of 186.60/185.90
The material has been provided by InstaForex Company – www.instaforex.com