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GBP/JPY has made a high of 187 and retreated from that level.Overall trend is bearish as long as 187 holds.
- On the lower side major support is around 185.70. Any break below 185.70 will drag the pair further down till 185.40/184.70/184.40.
- The pair's major resistance is around 187.60 and break above will take the pair till 188.25/189.
It is sell on rallies around 186.35-40 with SL around 187 for the TP of 185/184.70
