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FxWirePro: GBP/JPY recovers after making a low of 182.12, good to sell on rallies

GBP/JPY recovered after making a low of 182.12. It is currently trading around 183.32. The major intraday resistance is around 183.80 and any break above will take the pair till 184.25/184.60 level. Short term bearish in…

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FxWirePro: GBP/JPY recovers after making a low of 182.12, good to sell on rallies
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  • GBP/JPY recovered after making a low of 182.12. It is currently trading around 183.32.
     
  • The major intraday resistance is around 183.80 and any break above will take the pair till 184.25/184.60 level.
     
  • Short term bearish invalidation only above 185.40.
     
  • On the lower side minor support is around 182.50 and break below will drag the pair till 182/180 in short term.

It is good to sell on rallies around 183.75-80 with SL around 184.60 for the TP of 182/180.40

 

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