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FxWirePro: Sell GBP/JPY around 187.70-75 with SL around 188.25 for the TP of 186.60/186.25

Tuesday, August 25, 2015 5:58 AM UTC

GBP/JPY has made a high of 189.20 today morning and has started to retreat from that level. Overall trend is weak as long as 189.20 holds.
On the downside minor support is around 187.60 and any break below will drag the pair further down till 187/186.25.
The pair's minor resistance is around 188.20 and break above would extend gains till 189/20/190.

It is good to sell on rallies around 187.80-85 with SL around 188.30 for TP of 186.60/186.25

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FxWirePro: Sell GBP/JPY around 187.70-75 with SL around 188.25 for the TP of 186.60/186.25

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