Monday, October 19, 2026

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GBP/JPY breaks trend line support, targets 184.40

Potential Reversal Zone - 185.80. The pair has broken major trend line support (trend line joining 181.82 and 184.30) and declined till 185.63. Short term trend - Bearish. Trend reversal level -187. Any break above 187 w…

By Lis Howell
1 min read
GBP/JPY breaks trend line support, targets 184.40
Image from the original EconoTimes article
  • Potential Reversal Zone - 185.80.
     
  • The pair has broken major trend line support (trend line joining 181.82 and 184.30) and declined till 185.63.
     
  • Short term trend - Bearish.
     
  • Trend reversal level -187. Any break above 187 will take the pair to next level 188/188.25. Minor resistance is around 186.20
     
  • Major intraday  support -185.40 and break below targets 184.80/184.30.

It is good to sell on rallies around 186-186.10 with SL around 187 for the TP of 185./184.40

 

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