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- 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
