GBP/JPY breaks minor trend line resistance at 156.85, jump till 158.70 is possible

• Major resistance - 158.75 (trend line joining 175.01 and 173.55)
   
• Minor resistance -156.85
   
• Minor support -156.20
   
• The pair has slightly recovered after making a low of 156.20. It is currently trading around 156.98
   
• It has broken minor resistance 156.85 which confirms minor trend reversal, a jump till 158.50 is possible.
   
•  On the lower side any break below 156.20 will drag the pair down till 155/154.50 level.
   
• Overall bearish invalidation only above 160.

It is good to buy around 156.90-95 with SL around 156.20 for the TP of 158.70