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GBP/JPY forms shooting star pattern ,targets 184.95

Candle stick pattern- Shooting star 

  • GBP/JPY has recovered till 187.24 after making a low of 184.25. The pair's major resistance is around 187.50 and any further bullishness only above 187.50.

  • Any break above 187.50 would extend gains yill 188/188.85.

  • On the downside minor support is around 186.40 and any break below will target 185.75/184.95.

It is good to sell on rallies around 186.90-95 with SL around 187.51 for the TP of 184.95

 

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