GBP/JPY faces resistance at 162.80, good to sell on rallies

Major resistance - 162.80

Minor support - 161.30

Mjaor support 160.50 (200 day 4 HMA)

Short term trend reversal only above 162.80

It is good to sell on rallies around 161.85-90 with SL around 162.80 for the TP of 160.50/159.50