GBP/JPY breaks trend line support, targets 184.40
Potential Reversal Zone - 185.80.
The pair has broken major trend line support ( trend line joining 181.82 and 184.30) and declined till 185.63.
Short term trend - Bearish.
Trend reversal level -187. Any break above 187 will take the pair to next level 188/188.25. Minor resistance is around 186.20
Major intraday support -185.40 and break below targets 184.80/184.30.
It is good to sell on rallies around 186-186.10 with SL around 187 for the TP of 185./184.40
The pair has broken major trend line support ( trend line joining 181.82 and 184.30) and declined till 185.63.
Short term trend - Bearish.
Trend reversal level -187. Any break above 187 will take the pair to next level 188/188.25. Minor resistance is around 186.20
Major intraday support -185.40 and break below targets 184.80/184.30.
It is good to sell on rallies around 186-186.10 with SL around 187 for the TP of 185./184.40
