FxWirePro
Long

GBP/JPY: Buy above break out

FX:GBPJPY   British Pound / Japanese Yen
273 0 6
Major resistance- 162.80 (100 EMA )

Major support -159.93 (10 day EMA )

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
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