GBP/JPY faces strong support at 157.60, break below targets 155.65

• Major support - 157.60 (trend line joining 163.98 and 159.80)
  
  
• Minor resistance -159.80 (trend line joining 163.96 and 162.09)
  
  
• The pair declined till 157.78 at the time of writing and slightly recovered from that level. It is currently trading around 157.96.
  
  
• On the lower side any break below major support will drag the pair down till 155.65.
  
  
• Any break above minor resistance will take the pair to next level 161.20/163/164.
  
  
• Overall bearish invalidation only above 164.

It is good to sell around 158.65-70 with SL around 160 for the TP of 155.65