GBP/JPY has broken major support 177 and decline till 175.48 cannot be ruled out.
Intraday bearish invalidation can happen only above 177.80. On the upside above 177.80 will extend gains till 178.36/179.
Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) – Sell
Ichimoku - Sell
Recommendation: Sell GBP/JPY around 177.20, SL 177.85, Target 175.50.
Intraday bearish invalidation can happen only above 177.80. On the upside above 177.80 will extend gains till 178.36/179.
Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) – Sell
Ichimoku - Sell
Recommendation: Sell GBP/JPY around 177.20, SL 177.85, Target 175.50.