Potential Reversal zone (PRZ)- 193
- GBP/JPY has broken short term trend line support and also PRZ . It confirms short term weakness , a decline till 190.55 cannot be ruled out.
- On the downside any break below will target 192/190.60 in short term.
- The pairs minor resistance are 193.10/193.75/194.25.
Weekly Major resistance – 194.25Major support – 192It is good to sell on rallies around 192.85-90 with SL around 193.60 for the TP of 191/190.55.
The material has been provided by InstaForex Company – www.instaforex.com