GBP/JPY faces resistance at 155.15,break above targets 158
Major resistance- 155.15 (Hourly Kijun-Sen)
The pair has broken minor resistance 153.85 (hourly Tenken-Sen) and jumped till 154.85. It is currently trading around 154.62.
In the hourly chart the pair should close above 155.15 for further short term bullishness. Any break above 155.15 will take the pair till 155.96/157.20 in the short term.
On the lower side support is around 153.80 and any violation below 153.80 will drag the pair down till 152.95/152.20/151.49.
Short term bearish invalidation only above 158.
It is good to buy above 155.15 with SL around 153.85 for the TP of 157.20/158
The pair has broken minor resistance 153.85 (hourly Tenken-Sen) and jumped till 154.85. It is currently trading around 154.62.
In the hourly chart the pair should close above 155.15 for further short term bullishness. Any break above 155.15 will take the pair till 155.96/157.20 in the short term.
On the lower side support is around 153.80 and any violation below 153.80 will drag the pair down till 152.95/152.20/151.49.
Short term bearish invalidation only above 158.
It is good to buy above 155.15 with SL around 153.85 for the TP of 157.20/158
