- 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 material has been provided by InstaForex Company – www.instaforex.com