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GBP/JPY has broken major trend line support 190.25 (trend line joining 174.86 and 184.97) and this confirms major trend reversal , a decline till 185 is possible.
- On the higher side major resistance is around 191.50 and any break above confirms trend reversal.
- The minor resistance is around 190.55 and above that minor resistance targets 191/191.55.
- The pair's support is around 189.60 and any indicative break below will drag the pair further down till 189.10/187.85/185.
It is good to sell around 189.95-190 with SL around 191.50 for the TP of 187.85/185.20.
