GBP/JPY breaks major trend line support at 190.25, targets 185
GBP/JPY has broken major trend line support 190.25 (trend line joining 174.86 and 184.97) and this confirms major trend reversal , a decline till 185 is possible.
On the higher side major resistance is around 191.50 and any break above confirms trend reversal.
The minor resistance is around 190.55 and above that minor resistance targets 191/191.55.
The pair's support is around 189.60 and any indicative break below will drag the pair further down till 189.10/187.85/185.
It is good to sell around 190-190.10 with SL around 191.50 for the TP of 187.85/185.20
On the higher side major resistance is around 191.50 and any break above confirms trend reversal.
The minor resistance is around 190.55 and above that minor resistance targets 191/191.55.
The pair's support is around 189.60 and any indicative break below will drag the pair further down till 189.10/187.85/185.
It is good to sell around 190-190.10 with SL around 191.50 for the TP of 187.85/185.20
