GBP/JPY holds well above 100 day EMA, targets 164.10/166

• Major support – 162 (55 day H EMA)
   
• Major resistance- 164.10
   
• GBP/JPY has jumped till 163.989 today morning and started to decline from that level .It is currently trading around 163.15.
   
• Intraday trend is bullish as long as support 162.60 holds.
   
• Any break below 162 will take the pair down till 161.50/160.70/160 in short term.
   
• The pair should break above 164.10 for further bullishness. Any break above 164.10 will take the pair till 166.05/167.50.

It is good to buy at dips around 163 with SL around 162 for the TP of 164.10/166.05