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GBP/JPY faces major resistance at 158, break above targets 160/162.50 is possible

Thursday, April 21, 2016 6:48 AM UTC

Major resistance- 158

Major support -155.75 (Resistance turned into support)
The pair has broken minor resistance 157.20 and jumped till 157.87. It is currently trading around 157.45.
Intraday trend is slightly bullish as long as support 156.15 holds.
Any break below 156.19 will drag the pair till 155.75/155 in short term.
On the higher side resistance is around 158 and any break above targets 158.60/160/162.50 in short term.

It is good to buy above 158 with SL around 157 for the TP of 159.58/162.50

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GBP/JPY faces major resistance at 158, break above targets 160/162.50 is possible

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