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Long

GBP/JPY breaks major resistance 155.80, targets 158.20/158.80

FX:GBPJPY   British Pound/Japanese Yen
166 0 4
Major Resistance – 155.80

The pair has broken major resistance 155.80 and jumped till 156.19. It is currently trading around 156.01.

Intraday trend is slightly as long as support 154.95 (7 day EMA ) holds.

Any violation below 154.95 will drag the pair till 154.35/153.80/153 in short term.

On the higher side break above 155.80 confirms minor trend reversal a jump till 15715/158.15/158.80 is possible.

Short term weakness only below 151.50 level.

It is good to buy at dips around 155.95-156 with SL around 154.95 for the TP of 157.15/158.20/158.80
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