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Potential Reversal Zone (PRZ) -188.25
- GBP/JPY has made a high of 187.98 and retreated from that level. It is currently trading at 187.55. Overall trend reversal can happen only above 188.
- Any trade above 188.25 will take the pair to next level 189/190.
- The pair's downside minor support is around 186.35 (trendline joining 185.99 and 186.27) and break below targets 185.99/185.70.
- Major support is around 185.70 and break below confirms intraday weakness , a decline till 185/184.70 is possible.
It is good to sell around 187.60 with SL around 188.25 for the TP of 185.70/185
