GBP/JPY trades weak, intraday bullishness only above 192.70
GBP/JPY has declined till 191.68 yesterday and is currently trading at 191.63. Intraday trend is still weak as long as resistance 192.70 holds.
On the downside major support is around 191.70 and any break below will drag the pair further down till 191/190.55 in short term.
Break above intraday resistance -192.45 would extend gains till 193/193.40/193.95.
Bearish invalidation only above 194 level.
Sell around 192 with SL around 192.70 for the TP of 190.55/190.
On the downside major support is around 191.70 and any break below will drag the pair further down till 191/190.55 in short term.
Break above intraday resistance -192.45 would extend gains till 193/193.40/193.95.
Bearish invalidation only above 194 level.
Sell around 192 with SL around 192.70 for the TP of 190.55/190.