Dear traders,in my previous GBP/JPY ideas, I advised buying at 180.85 level. If you followed those ideas, you made over 400 pips. At present, GBP/JPY rallied strongly during the NY session on Friday. However, the price looks over-stretched from the EMA.
So, there is a possibility of a pullback to 183.60 level. If there is the formation of a couple of bearish candlesticks in the 185 zone, traders can consider selling with 183.60 as a target.