GBP/JPY breaks major trend line resistance, targets 163.95

FX:GBPJPY   British Pound / Japanese Yen
333 0 7
Major resistance – 160.65 ( trend line joining 167.63 and 166.08)

Major support – 160

The pair has recovered after making a low of 160. It is currently trading at 161.11.

On the higher side any break above 160.65 will take the pair to next level 162/163.95 ins short term.

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

Short term bearish invalidation only above 164.

It is good to buy 161-161.10 with SL around 160 for the TP of 162.70/163.95
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