Major support -159.93 (10 day )
GBP/JPY has recovered after making a low of 160.15 on Friday. It is currently trading around 162.49.
The pair is facing major resistance around 162.80 and any break above will take the pair till 164.10/166.
On the lower side major support is around 161.50 and break below targets 160.70/159.90 in short term. The minor support is around 162.30/161.80.
Short term weakness only below 160.
It is good to buy above 162.80 with SL around 161.80 for the TP of 164.10/166