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Long

GBP/JPY: Buy above break out

FX:GBPJPY   British Pound/Japanese Yen
315 0 8
Major resistance – 157.07

The pair has recovered from the low of 154.71 and jumped till 157.12. Intraday trend is slightly bullish as long as support 155.80 holds.

On the higher side any break above 157.07 will take the pair to next level 157.95/159.15.

Short term bearish invalidation only above 160.50 level.

The pair’s minor support is around 156.50 and any break below 156.50 will drag the pair till 155.80/155.

It is good to buy only above 157.07 with SL around 156.45 for the TP of 157.95/159.20
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