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- GBP/JPY continuing its winning streak for second consecutive days and shown a minor jump above 149 level. The pair jumped till 149.06 and is currently trading around 148.85.
- The intraday trend is bullish as long as support 148.40-148.45 (55- H EMA and hourly Kijun-Sen) holds.
- On the higher side, near term major resistance is around 149.10 (233- H MA and trend line joining 152.86 and 151.60) and any break above confirms intraday bullishness, a jump till 150.25/151.60 likely.
- The near term support is around 148.40 and any violation below will drag the price till 147.70/146.95 for the day. Short term weakness below 146.95.
It is good to buy above 149.10 with SL around 148.40 for the TP of 150.25/151.60.
