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

• Major resistance - 164.05 (trend line joining 163.55 and 163.88)
   
• Major support - 161.50
   
• The pair has recovered after making a low of 161.50 and jumped till 163.88. It is currently trading around 162.99.
   
• Any break above 164.05 will take the pair to next level 164.80/166.
   
• On the lower side support is around 161.50 and break below targets 160/158. minor support is at 162.50.

It is good to sell on rallies around 163.15-20 with SL around 164.05 for the TP of 161.55/160