Thursday, October 15, 2026

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FxWirePro: GBP/JPY faces major intraday resistance at 164, good to sell on rallies

Major Resistance -164 (Support turned into resistance) The pair recovered till 163.54 after making a low of 159.81. Intraday tend is weak as long as resistance 164 holds. On the higher side any break above 164 will take …

By Lis Howell
1 min read
FxWirePro: GBP/JPY faces major intraday resistance at 164, good to sell on rallies
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  • Major Resistance -164 (Support turned into resistance)
     
  • The pair recovered till 163.54 after making a low of 159.81. Intraday tend is weak as long as resistance 164 holds.
     
  • On the higher side any break above 164 will take the pair to next level 164.70/165.25.
     
  • The pair's minor support is around 162 and break below targets 161.25/160.
     
  • Overall bearish invalidation only above 166.65.

It is good to sell on rallies around 163-163.10 with SL around 164 for the TP of 160

 

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By FxWirePro Team