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- GBP/JPY has made a low of 192.26 in past week and recovered from that level.
- Major weekly trend reversal level- 192 break below 192 will drag the pair further down till 191/190.50.
- The short term trend reversal level- 193.80 and any break below 193.80 will target 193.38/193 in short term.
- Minor resistance is at 195 and above that take the pair to next target to 195.60/195.85.
It is good to buy at dips around 194.30-35 with SL around 193.80 for the TP of 195.25/195.85
Resistance
R1- 195.25
R2-195.85
R3- 197.21
Support
S1-194.40
S2-193.80
S3-193
