GBP/JPY faces resistance at 183.80, good to sell on rallies
GBP/JPY jumped till 183.72 and started to retreat from that level.. It is currently trading around 183.03.
The major intraday resistance is around 183.80 (trend line joining 186.34 and 185.05) and any break above will take the pair till 184.25/184.60 level.
Short term bearish invalidation only above 185.40.
On the lower side minor support is around 182.50 and break below will drag the pair till 182/180 in short term.
It is good to sell on rallies around 183.20-25 with SL around 183.80 for the TP of 182/180.40
The major intraday resistance is around 183.80 (trend line joining 186.34 and 185.05) and any break above will take the pair till 184.25/184.60 level.
Short term bearish invalidation only above 185.40.
On the lower side minor support is around 182.50 and break below will drag the pair till 182/180 in short term.
It is good to sell on rallies around 183.20-25 with SL around 183.80 for the TP of 182/180.40
