- GBP/JPY has made a high of 188.27 yesterday and retreated from that level. It is currently trading at 186.56.
- Intraday major support is around 186.40 (trend line joining 184.24 and 186.21) and any break below will drag the pair further down till 185.60/185 in short term.
- On the higher side minor resistance is around 187.10 and any break above would extend gains till 187.40/188.
- Overall trend reversal only below 184.
It is good to sell around 186.45-50 with SL around 187.10 for the TP of 185.60/185.
