GBPJPY struggles break above 184.75, targets 182.50
GBP/JPY has recovered after making a low of 182.79 and is currently trading at 183.97. Intraday trend is bearish as long as resistance 184.70 holds.
Any break below 183.50 will drag the pair further down till 183./182.45 in short term.
On the higher side pair’s minor resistance is around 184.75 and break above would extend gains till 185.55/186.20.
Bearish invalidation only above 187.30.
It is good to sell on rallies around 184-184.10 with SL around 184.75 for the TP of 182.50
Any break below 183.50 will drag the pair further down till 183./182.45 in short term.
On the higher side pair’s minor resistance is around 184.75 and break above would extend gains till 185.55/186.20.
Bearish invalidation only above 187.30.
It is good to sell on rallies around 184-184.10 with SL around 184.75 for the TP of 182.50