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GBP/JPY breaks minor trend line support, decline till 185.70 is possible

Wednesday, November 4, 2015 5:30 AM UTC

GBP/JPY made a high of 187.17 and started to retreat from that level. The pair is facing strong resistance around 187.25 (127% retracement of 186.97 and 185.87) and any break above confirms minor bullishness, a jump till 187.50/188 is possible .
The minor trend line support is around 186.70 and break below confirms minor weakness , a decline till 186.35/186/185.70 is possible .

It is good to sell around 186.70-75 with SL around 187.25 for the TP of 186/185.70

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GBP/JPY breaks minor trend line support, decline till 185.70 is possible

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