FxWirePro: GBP/JPY breaks minor trend line resistance, good to buy at dips

• Major resistance- 160.30 (trend line joining 175.01 and 164.09)
   
• Major support- 159        
   
• The pair has broken major resistance 160.30 and jumped till 160.63 at the time of writing. It is currently trading at 160.62.
   
• Short term trend is slightly bullish as long as support 159 holds.
   
• On the higher side any break above 160.30 will take the pair to next level till 161.50/162.55 in short term.
   
• The pair’s minor support is around 160 and break below targets 159/158.40.
   
• Intraday bullish invalidation only below 158.40.

It is good to buy at dips around 160.10 with SL around 159 for the TP of 161.50/162.51.