FxWirePro
Long

GBP/JPY breaks major resistance at 161.58, targets 162.50/164

FX:GBPJPY   British Pound/Japanese Yen
265 0 12
Major resistance 161.58 (March 18th high)

Minor support 160.80

GBP/JPY             breaks major resistance 161.58 and this confirms minor trend reversal and jump till 162.50/164 cannot be ruled out .

On the lower side minor support is around 160.80 and break below targets 160.35/159.80

Short term trend reversal only below 159.

It is good to buy at dips around 161.50-161.55 with SL around 160.80 for the TP of 162.50/164
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