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GBP/JPY faces strong support at 185.70, targets 187.50

GBP/JPY has made a low of 185.80 yesterday and recovered till 186.60. Short term trend is bullish as long as support 185.70. The pair's minor support is around 185.70 and break below targets 185.20/184.75/184.30. On the …

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GBP/JPY faces strong support at 185.70, targets 187.50
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GBP/JPY has made a low of 185.80 yesterday and recovered till 186.60. Short term trend is bullish as long as support 185.70.

  • The pair's minor support is around 185.70 and break below targets 185.20/184.75/184.30.
     
  • On the higher side minor resistance is around 186.30 and break above targets 186.70/ 187/187.70.

It is good to buy  around 186.30 with SL around 185.70 for the TP of 187/187.50.

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