GBP/JPY Trade Idea

GBP/JPY breaks major trend line resistance 187.56 and a slight jump till 188.25/188.50 is possible.

• On the downside minor weakness only below 186.70 and break below targets 186.40/185.70.
   
• Overall bullish invalidation only below 185.40. Any break below 185.40 will drag the pair till 185/184.40

It is good to buy at dips around 185.50 with SL around 184.40 for the TP of 188.25/189

Resistance

R1-187.60

 R2-188.25

R3- 189

Support

S1- 186.70

S2-186

S3-185.40