FxWirePro: GBP/JPY recovers after making a low of 155.67, good to sell on rallies

• Major support -156 (200 day HMA& daily Tenken-Sen)
   
• Major intraday resistance -157.35 (daily Kijun-Sen)
   
• GBP/JPY has made a low of 155.67 on Friday and slightly recovered from that level.  It is currently trading around 156.15.
   
• Minor weakness can be seen only below 156. Any indicative break below 156 will drag the pair down till 155.50/155.25/154.40.
   
• Short term bullish invalidation only below 153.50.
   
• On the higher side any break above minor resistance  156.60 (10 day EMA) will take the pair to next level till 157.35/158/158.50.

It is good sell on rallies around 156.45-50 with SL around 157.35 for the TP of 154.40/153.50.