FxWirePro
Long

GBP/JP: Buy above breakout

FX:GBPJPY   British Pound/Japanese Yen
383 0 7
Major resistance – 160.90 ( trend line joining 167.63 and 166.08)

Major support – 159.25

The pair has slightly retreated after making a high of 161 at the time of writing. It is currently trading at 160.73.

On the higher side any break above 160.90 will take the pair to next level 162/163.95 ins short term.

The pair’s minor support is around 160 and break below targets 159.25/158.50

Short term bearish invalidation only above 164.

It is good to buy above 160.90 with SL around 159.80 for the TP of 162/163.95
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