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- Major resistance -170.35 (Jan 22nd 2016)
- The pair has once again recovered after making a low of 166.97. It is currently trading around 169.27.
- GBP/JPY reached 170 today morning and started to decline from that level. Any break above major resistance will take the pair to next level 172/175.
- On the downside minor support is around 168.80 and break below targets 167/164.50.
It is good to buy above 170.30 with SL around 168.80 for the TP of 172/175
R1-170.35
R2-172
R3-175
Support
S1-168.80
S2-167
S3- 164.50
