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FxWirePro: Sell GBP/JPY on rallies 188.80-90 with SL around 190 for the TP of 186.60/185.90

  • GBP/JPY has recovered till 189.90 yesterday  after making a low of 183.20. Overall trend is weak as long as resistance 190 holds.

  • On the downside minor support is around 187.60 and any break below will drag the pair further down till 187/185.85.

  • The pair's minor resistance is around 188.20 and break above would extend gains till 189.20/190.

It is good to sell on rallies around 188.80-90 with SL around 190 for TP of 186.60/185.90

 

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