Fxwirepro: Sell Gbpjpy on Rallies Around 193.60-65 With Sl Around 194.20 for the Tp of 192.40/192

  • GBP/JPY has formed shooting star candlestick  pattern in 4 hours chart , this confirms short term weakness , a decline till 192/191 cannot be ruled out .
  • It has made a high of 194.15 today and declined from that level. Overall trend is weak as long as resistance 194.20 holds.
  • The minor support are 193/192.40/192.

It is good to sell on rallies around 193.60-65 with SL around 194.20 for the TP of 192.40/192

The material has been provided by InstaForex Company – www.instaforex.com

Tags: