GBPJPY Retreats as Yen Strengthens: Bears Target 208 Amid Accelerating Downward Momentum 
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FxWirePro- Woodies Pivot (Major) 
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- RES 4: 0.7395 ( Sep 1st high)
- RES 3: 0.7350 (61.8% retracement of 0.7420 and 0.7250)
- RES2 : 0.7320 (20 DAY 4 HMA)
- RES1 0.7292 (7 DAY 4H EMA)
PRICE: 0.7250 @ 11.48 GMT
- SUP 1: 0.7240 (Aug 30th Low)
- SUP 2: 0.7168 (61.8% retracement of 0.7027 and 0.7420)
- SUP 3: 0.7150 (200 day 4HMA)
- SUP 4:0.7100
EUR/GBP has declined till 0.7249 and is currently trading at 0.7252. The pair's major support is around 0.7240 and any break below will take the pair further down till 0.7160.
Short term trend is weak as long as resistance 0.7320 holds.
On the higher side minor resistance is around 0.7320 and any break above would extend gains till 0.7360/0.7400.
It is good to sell on rallies around 0.7280 with SL around 0.7320 for the TP of 0.7160
