- GBP/JPY has retreated after making a high of 186.10 today morning after BOJ monetary policy.
- BOJ left its policy unchanged along with a less upbeat economic assessment. It also maintained the annual target of monetary pace expansion at JPY 80T.
- The pair recovered from low of 184.61 which was made yesterday. Overall trend is still weak as long as short term resistance 186.65 holds.
- Any break above 186.65 will take the pair further up till 187.40/188.
- On the downside major support is around 184 and break below targets 182/180.55.
It is good to sell on rallies around 185.75-80 with SL around 186.65 for the TP of 184.20
