GBP/JPY faces strong resistance 187.70, sell on rallies

Potential Reversal Zone (PRZ) -187.70

• GBP/JPY has made a high of 187.48 at the time writing and slightly declined from that level.
   
• Further bullishness can be seen only above 187.70 and break above targets 188.25/189 .
   
• On the downside minor support is around 187 and break below targets 186.40/185.70

It is good to sell on rallies around 187.35-40 with SL around 188 for the TP of 186.40/185.70/185.40.