Candle stick pattern- Shooting star
GBP/JPY has recovered till 187.24 after making a low of 184.25. The pair's major resistance is around 187.50 and any further bullishness only above 187.50.
Any break above 187.50 would extend gains yill 188/188.85.
On the downside minor support is around 186.40 and any break below will target 185.75/184.95.
It is good to sell on rallies around 186.90-95 with SL around 187.51 for the TP of 184.95
GBP/JPY has recovered till 187.24 after making a low of 184.25. The pair's major resistance is around 187.50 and any further bullishness only above 187.50.
Any break above 187.50 would extend gains yill 188/188.85.
On the downside minor support is around 186.40 and any break below will target 185.75/184.95.
It is good to sell on rallies around 186.90-95 with SL around 187.51 for the TP of 184.95