GBP/JPY breaks major trend line resistance, targets 163.95
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
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