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GBP/JPY Trade Idea

  • The pair has recovered till 185.90 after making a low of 183.97. It is currently trading around 185.33. Short term trend is weak as long as resistance 186.05 holds.
     
  • Any break above 186.05 will take the pair to next level 186.60/187.
     
  • On the downside support is around 185 and break below targets 184/183

It is good to sell on rallies around 185.50 with SL 186.05 for the TP of 183.95/183

R1-186.05

 R2-186.60

R3-187

Support

S1- 185

S2-184.30

S3-183.80

 

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