GBP/JPY breaks short term trend line support, targets 184.20
GBP/JPY made a high of 187.48 on Aug 28th and has started to decline from that level. Short term trend is still weak as long as resistance 186.50 holds.
Any break above 186.50 will take the pair to next target around 187.50/187.80.
Overall Bearish invalidation only above 190.
On the downside minor support is around 185.35 and break below will drag the pair further down till 184.20/183.30.
It is good to sell on rallies around 185.80-85 with SL around 186.50 for the TP of 185/184.20.
Any break above 186.50 will take the pair to next target around 187.50/187.80.
Overall Bearish invalidation only above 190.
On the downside minor support is around 185.35 and break below will drag the pair further down till 184.20/183.30.
It is good to sell on rallies around 185.80-85 with SL around 186.50 for the TP of 185/184.20.
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