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- GBP/JPY has recovered after making a low of 182.79 and is currently trading at 183.97. Intraday trend is bearish as long as resistance 184.70 holds.
- Any break below 183.50 will drag the pair further down till 183./182.45 in short term.
- On the higher side pair's minor resistance is around 184.75 and break above would extend gains till 185.55/186.20.
- Bearish invalidation only above 187.30.
It is good to sell on rallies around 184-184.10 with SL around 184.75 for the TP of 182.50
