FxWirePro
Long

GBP/JPY breaks minor trend line resistance, targets 173.75

FX:GBPJPY   British Pound/Japanese Yen
344 0 6
Minor resistance – 170 (trend line joining 173.75 and 172.45)

Major support -168.45 (trend line joining 171.03 and 170.02)

The pair has broken minor intraday resistance 170 and jumped till 170.42 at the time of writing. Short term trend is slightly bullish as long as support 168.50 holds.

On the higher side any break above 170 confirms minor bullishness , a jump till 172.50/173.75 is possible

Any break below 168.50 will drag the pair till 166.90/165 in short term.

It is good to buy at dips around 170 with SL around 168.50 for the TP of 172.50/173.70.
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