Potential Reversal zone (PRZ)- 193
GBP/JPY has broken short term trend line support and also PRZ . It confirms short term weakness , a decline till 190.55 cannot be ruled out.
On the downside any break below will target 192/190.60 in short term.
The pairs minor resistance are 193.10/193.75/194.25.
Weekly
Major resistance - 194.25
Major support - 192
It is good to sell on rallies around 192.85-90 with SL around 193.60 for the TP of 191/190.55.
GBP/JPY has broken short term trend line support and also PRZ . It confirms short term weakness , a decline till 190.55 cannot be ruled out.
On the downside any break below will target 192/190.60 in short term.
The pairs minor resistance are 193.10/193.75/194.25.
Weekly
Major resistance - 194.25
Major support - 192
It is good to sell on rallies around 192.85-90 with SL around 193.60 for the TP of 191/190.55.