- GBP/JPY has broken major support 182.50 which confirms short term weakness, a decline till 180.65 cannot be ruled out.
- The pair’s major intraday reversal can happen only above 182.95.
Indicator (15 min chart)
CCI (50) – Sell
CCI (14) – Sell
It is good to sell on rallies around 182.25 for the target of 180.70 with stop around 182.95.
The material has been provided by InstaForex Company – www.instaforex.com