GBP/JPY faces resistance at 166.67, break above targets 169
Minor resistance -166.60 (trend line joining 167.18 and 166.91)
Minor support - 165.30 (trend line joining 164.79 and 165.27)
The pair faces strong minor resistance around 166.67 and break above targets 169/170.63.
Overall bearish invalidation only above 171.
Any break above 171 will take the pair till 172.50/173.75.
On the lower side minor support is around 165.30 and break below targets 164.50/164.
It is good to buy only above 166.60 with SL around 165.30 for the TP of 169/170.60
Minor support - 165.30 (trend line joining 164.79 and 165.27)
The pair faces strong minor resistance around 166.67 and break above targets 169/170.63.
Overall bearish invalidation only above 171.
Any break above 171 will take the pair till 172.50/173.75.
On the lower side minor support is around 165.30 and break below targets 164.50/164.
It is good to buy only above 166.60 with SL around 165.30 for the TP of 169/170.60
