GBP/JPY Trade Idea

• Major resistance - 157.07
  
  
• The pair has recovered from the low of 154.71 and jumped till 157.12. Intraday trend is slightly bullish as long as support 155.80 holds.
  
  
• On the higher side any break above 157.07 will take the pair to next level 157.95/159.15.
  
  
• Short term bearish invalidation only above 160.50 level.
  
  
• The pair's minor support is around 156.50 and any break below 156.50 will drag the pair till 155.80/155.

It is good to buy only above 157.07 with SL around 156.45 for the TP of 157.95/159.20

R1-157.07

 R2-158

R3-159.20

Support

S1-155.80

S2- 155

S3-152.90