- Major resistance - 167.85 (Tenken-Sen)
- Major intraday Support -166.80 (5 day MA)
- GBP/JPY has broken major resistance around 167.85 and jumped till 169. It is currently trading around 168.72.
- It is facing resistance around 169.10 and any break above confirms major trend reversal, a jump till 170.50/172 is possible.
- On the lower side major intraday support is around 166.80 and break below targets 166/164.
- Overall trend reversal can happen if it closes above 172 level.
It is good to buy at dips around 168 with SL around 166.80 for the TP of 170.50/172
