Monday, October 19, 2026

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FxWirePro: GBP/JPY struggles to close above 185, good to sell on rallies

GBP/JPY has slightly recovered till 184.90 after breaking major support 184.30. Overall trend is still weak as long as resistance 185 (trend line joining 185.77 and 185.31) holds. Any break above 185 will take the pair t…

By Lis Howell
1 min read
FxWirePro: GBP/JPY struggles to close above 185, good to sell on rallies
Image from the original EconoTimes article
  • GBP/JPY has slightly recovered till 184.90 after breaking major support 184.30. Overall trend is still weak as long as resistance 185 (trend line joining 185.77 and 185.31) holds.
     
  • Any break above 185 will take the pair to next level 185.60/186.
     
  • Major trend reversal only above 186 .  

It is good to sell on rallies around 184.45-50 with SL around 185.05 for the TP of 183.80/183

 

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By FxWirePro Team