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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…

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GBP/JPY Trade Idea
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  • 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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