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FxWirePro: Sell GBP/JPY around 187.60 with SL around 188.25 for the TP of 185.70/185

Wednesday, November 18, 2015 3:17 AM UTC

Potential Reversal Zone (PRZ) -188.25

GBP/JPY has made a high of 187.98 and retreated from that level. It is currently trading at 187.55. Overall trend reversal can happen only above 188.
Any trade above 188.25 will take the pair to next level 189/190.
The pair's downside minor support is around 186.35 (trendline joining 185.99 and 186.27) and break below targets 185.99/185.70.
Major support is around 185.70 and break below confirms intraday weakness , a decline till 185/184.70 is possible.

It is good to sell around 187.60 with SL around 188.25 for the TP of 185.70/185

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FxWirePro: Sell GBP/JPY around 187.60 with SL around 188.25 for the TP of 185.70/185

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