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- Major support -183.60 (trend line joining 184.32 and 183.97)
- GBP/JPY has taken support near trend line support 183.76 and slightly recovered from that level. Short term trend is still weak as long as resistance 185.20 holds.
- On the higher side any break above 185.20 will take the pair to next level 185.50/186.25.
- Any break below 183.60 will confirm minor trend reversal a decline till 183/181.85.
It is good to sell on rallies around 184.75-80 with SL around 185.25 for the TP of 183.70/183
