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- 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
