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GBP/JPY Trade idea

GBP/JPY is facing strong resistance around 184.40 and any further bullishness only above that level. Any break above 184.40 will take the pair to next target 185/185.20 in short term. On the downside minor intraday suppo…

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GBP/JPY Trade idea
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  • GBP/JPY is facing strong resistance around 184.40 and any further bullishness only above that level. Any break above 184.40 will take the pair to next target 185/185.20 in short term.
     
  • On the downside minor intraday support is around 183.90 and nay break below targets 183.50/182.80 in short.
     
  • Overall bearish invalidation only above 185 level.

It is good to sell on rallies around 184.20-25 with SL around 185 for the TP of 183.51/182.90          

Resistance

R1- 184.60

R2-185.20

R3- 186

Support

S1-183.90

S2-183.50

S3-182.80

 

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