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- Major Support -170
- Major resistance -171.15 (Kijun-Sen)
- Major Trend reversal -172.50
- GBP/JPY has broken major support 170 and declined till 169.80. It is currently trading around 170.
- Short term trend is weak as long as resistance 172.50 holds. On the higher side any break above 172.50will take the pair to next level till 173/173. minor resistance is around 171.25
- On the lower side minor support is around 169.80 and break below targets 169/167.80.
It is good to sell on rallies around 170.25-30 with SL around 171.25 for the TP of 167.80
R1-171.25
R2-172.50
R3-173.75
Support
S1-169.80
S2- 169
S3-167.80
