GBP/JPY breaks trend line support ,targets 182.50
GBP/JPY has made a high of 184.69 and declined from that level. It is currently trading at 183.46
The pair has broken short term trend line support 183.90 (trend line joining 181.96 and 183) and which confirms short term weakness , a decline till 183/182.45 is possible .
Intraday bullishness can be seen only above 184.05 and break above will take the pair to next level 184.70/185.20.
It is good to sell on rallies around 183.50-55 with SL around 184.10 for the TP of 183/182.50
The pair has broken short term trend line support 183.90 (trend line joining 181.96 and 183) and which confirms short term weakness , a decline till 183/182.45 is possible .
Intraday bullishness can be seen only above 184.05 and break above will take the pair to next level 184.70/185.20.
It is good to sell on rallies around 183.50-55 with SL around 184.10 for the TP of 183/182.50