GBP/JPY faces major resistance at 158, break above targets 160/162.50 is possible

Major resistance- 158

• Major support -155.75 (Resistance turned into support)
   
• The pair has broken minor resistance 157.20 and jumped till 157.87. It is currently trading around 157.45.
   
• Intraday trend is slightly bullish as long as support 156.15 holds.
   
• Any break below 156.19 will drag the pair till 155.75/155 in short term.
   
• On the higher side resistance is around 158 and any break above targets 158.60/160/162.50 in short term.

It is good to buy above 158 with SL around 157 for the TP of 159.58/162.50