- GBP/JPY has made a low of 184.32 and slightly recovered from that level. It is currently trading at 184.71.
- Short term trend is weak as long as resistance 185.60 holds. Any break above 185.60 targets 186/187.
- On the lower side major support is around 184.30 and break below will drag the pair further down till 183.80/183.
- Overall bearish invalidation only above 188.
It is good to sell on rallies around 184.70-75 with SL around 185.60 for the TP of 183.80/183.
The material has been provided by InstaForex Company – www.instaforex.com