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Major resistance - 147.20 (Apr 3rd 2019 high)
GBPJPY has once again declined after jumping till 147.Previously the pair made high of 147.19 on Apr 3rd 2019 and declined till 144.78. It took support near 200- day MA and started to jump from that level. It is currently trading around 146.67.
Minor trend is still bullish as long as 145.50 (trend line support) holds. Any break below will drag the pair till 145/144.66 200- day MA).
The major resistance is around 147.20 and any violation above will take the pair till 148/148.85.
It is good to buy on dips around 146.20-25 with SL around 145.50 for the TP of 148.85.
