GBP/JPY Trade idea

• Minor resistance -166.60 (trend line joining 167.18 and 166.91)
   
• Minor support  - 165.30 (trend line joining 164.79 and 165.27)
   
• The pair faces strong minor resistance around 166.67 and break above targets 169/170.63.
   
• Overall bearish invalidation only above 171.
   
• Any break above 171 will take the pair till 172.50/173.75.
   
• On the lower side minor support is around 165.30 and break below targets 164.50/164.

It is good to buy only above 166.60 with SL around 165.30 for the TP of 169/170.60

R1-166.70

 R2-169

R3-170.63

Support

S1-165.30

S2- 164.50

S3-164