GBP/JPY trades below minor trend line support , targets 184.40
Potential Reversal Zone (PRZ) - 187.30 (Trend line joining 184.30 and 185.99)
The pair has broken trend line support previous week and closed well below that level. This confirms short trend reversal and a decline till 184.40 is possible.
On the higher side major resistance is around 188 and break above targets 189/190.The minor support is around 186.40 and below that level will drag the pair till 185.40/184.45 in short term.
It is good to sell on rallies around 186.85-90 with SL around 188 for the TP of 185.80/185.40
The pair has broken trend line support previous week and closed well below that level. This confirms short trend reversal and a decline till 184.40 is possible.
On the higher side major resistance is around 188 and break above targets 189/190.The minor support is around 186.40 and below that level will drag the pair till 185.40/184.45 in short term.
It is good to sell on rallies around 186.85-90 with SL around 188 for the TP of 185.80/185.40