GBP/JPY breaks minor resistance 158.60, jump till 159.60/160.45 is possible

• Minor resistance 158.60 (trend line joining 159.56 and 158.83)
   
• Major support -158
   
• The pair has recovered after making a low of 158.16 at the time of writing. It is currently trading around 158.83.
   
• Intraday trend is slightly bullish as long as support 158 holds.
   
• Any break below 158 will drag the pair down till 156.50/156 in short term.
   
• On the higher side any break above 158.60 will take the pair to next level 159.60/160.48.
   
• Minor trend reversal only above 161.
   
• Short term bearish invalidation only above 162.60

It is good to buy at dips around 158.60-65 with SL around 158 for the TP of 159.60/160.25