- GBP/JPY has declined till 191.68 yesterday and is currently trading at 191.82. Intraday trend is still weak as long as resistance 192.70 holds.
- On the downside major support is around 191.70 and any break below will drag the pair further down till 191/190.55 in short term.
- Break above intraday resistance -192.45 would extend gains till 193/193.40/193.95.
- Bearish invalidation only above 194 level.
Sell around 192 with SL around 192.70 for the TP of 190.55/190.
The material has been provided by InstaForex Company – www.instaforex.com