GBP/JPY Trade idea

• Major Resistance - 165.15 (trend line joining 173.75 and 170.63)
   
• GBP/JPY  breaks trend line 165.20 and jumped till 165.75. It is currently trading around 165.05.
   
• On the downside Minor support is around 163.95 and any break below targets 163/161.65/160.
• Overall bearish invalidation only above 168. above 168.50 will take the pair to next level around 170.65/173.75. The minor resistance is around 167.60.

It is good to buy at dips around 165.15 with SL around 163.95 for the TP of 167.60

R1-165.75

R2-166.60

R3-167.50

Support

S1-163.95

S2- 161.65

S3-160