Major support – 154.40
The pair has made a low of 154.40 yesterday and slightly recovered from that level. It is currently trading around 154.96.
GBP/JPY minor trend is slightly as long as support 154.40 holds. The pair has broken minor resistance at 154.89 (hourly Tenken-Sen) and jumped till 155. It should break above 155.40 for further upside movement. Any violation above 155.40 will take the 156.30/156.60/157.25.
Short term trend reversal only above 158.
It is good to buy at dips around 155 with SL around 154.40 for the TP of 156.25/156.60