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FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
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- GBP/JPY has broken major support at 153 and declined almost 50 pips from that level. The pair dipped till 152.43. It is currently trading around 152.52.
- Intraday trend is bearish as long as resistance 153.20 (20- day MA) holds.
- On the lower side, major support is around 152.45 (61.8% fibo) and any break below will drag the pair to next level till 151.67 (50- day MA)/150.19. Major weakness can be seen below 151.65.
- The near term resistance is around 153.20 and any break above will take the pair to next level till 153.88/154.10.
It is good to sell on rallies around 153 with SL around 154 for the TP of 151.67/150.20
