- 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