GBP/JPY intraday outlook

FX:GBPJPY   British Pound / Japanese Yen
30 0 2
GBP/JPY             - 163.50

Sterling's recovery from the daily lows indicates the recovery triggered by bullish Price RSI divergence on the daily chart is likely to continue. Buy on break above the resistance at 163.88 as the cross could extend gains to 164.53-165.00 levels by NY close.

Support: 163, 162.69

Resistance: 163.88, 164.53, 165.00

Buy @163.90-163.95

target 164.53-165.00

Stop loss 163.60
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