- 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
