GBP/JPY faces strong resistance 187.70, sell on rallies
Potential Reversal Zone (PRZ) -187.70
GBP/JPY has made a high of 187.48 at the time writing and slightly declined from that level.
Further bullishness can be seen only above 187.70 and break above targets 188.25/189 .
On the downside minor support is around 187 and break below targets 186.40/185.70
It is good to sell on rallies around 187.35-40 with SL around 188 for the TP of 186.40/185.70/185.40.
GBP/JPY has made a high of 187.48 at the time writing and slightly declined from that level.
Further bullishness can be seen only above 187.70 and break above targets 188.25/189 .
On the downside minor support is around 187 and break below targets 186.40/185.70
It is good to sell on rallies around 187.35-40 with SL around 188 for the TP of 186.40/185.70/185.40.