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FxWirePro: GBP/JPY struggles to close above 185, good to sell on rallies

  • GBP/JPY has slightly recovered till 184.90 after breaking major support 184.30. Overall trend is still weak as long as resistance 185 (trend line joining 185.77 and 185.31) holds.
     
  • Any break above 185 will take the pair to next level 185.60/186.
     
  • Major trend reversal only above 186 .  

It is good to sell on rallies around 184.45-50 with SL around 185.05 for the TP of 183.80/183

 

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