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Potential Reversal Zone (PRZ)- 186.50.
- GBP/JPY faces resistance around 186.50 and break above will confirms short term bullishness.The pair is currently trading around 186.42. Overall trend is bullish as long as support 185.40 holds.
- Any break below 185.40 will drag the pair till 184.80/184.40.
- On the higher side any break above 186.50 will take the 187.45/188 in short term.
- Short term weakness only below 183.80.
It is good to buy at dips around 186.20 with SL around 185.40 for the TP of 187.45 /188
