GBP/JPY breaks major trend line support, targets 180/176
Major long term support - 183.50 (trend line joining 168 and 174.88)
The pair has broken once again monthly trend line support 183.50 after making a high of 185.39. Overall trend is still weak as long as 185.40 holds.
Any break above185.40 will take the pair further up till 186./186.35.
On the lower side major support is around 183 and break below targets 181.80/180/175.
It is good sell on rallies around 183.20-30 with SL around 185.40 for the TP of 180/175.90.
The pair has broken once again monthly trend line support 183.50 after making a high of 185.39. Overall trend is still weak as long as 185.40 holds.
Any break above185.40 will take the pair further up till 186./186.35.
On the lower side major support is around 183 and break below targets 181.80/180/175.
It is good sell on rallies around 183.20-30 with SL around 185.40 for the TP of 180/175.90.
