- GBP/JPY has broken major support 177 and decline till 175.48 cannot be ruled out.
- Intraday bearish invalidation can happen only above 177.80. On the upside above 177.80 will extend gains till 178.36/179.
Indicators (1 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku – Sell
Recommendation: Sell GBP/JPY around 177.20, SL 177.85, Target 175.50.
The material has been provided by InstaForex Company – www.instaforex.com