Thursday, October 15, 2026

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FxWirePro: Buy GBP/JPY at dips around 165.15 with SL around 163.95 for the TP of 167.60

Major resistance - 165.20 (trend line joining 173.75 and 170.60) GBP/JPY breaks trend line 165.20 and this confirms minor trend reversal , a jump till 167.70 is possible . It is currently trading around 165.39 Overall be…

By Lis Howell
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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Major resistance - 165.20 (trend line joining 173.75 and 170.60)

  • GBP/JPY breaks trend line 165.20  and this confirms minor trend reversal , a jump till 167.70 is possible . It is currently trading around 165.39
     
  •  Overall bearish invalidation only above 168.40. On the lower side  Minor weakness only below 163.95.
     
  • Any break below 163.95 will drag the pair down till 163/160.

It is good to buy at dips around 165.15 with SL around 163.95 for the TP of 167.60

 

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By FxWirePro Team