Major resistance - 146
Major support - 144.15 (Trend line support)
GBPJPY has broken trend support 144.15 after long consolidation for past ten trading session. The Japanese yen is trading strong against all majors after a minor jump on trade truce between US and China. The Brexit uncertainty is also putting pressure on this pair. GBP has declined more than 100 pips against USD yesterday. The pair hits low of 143.95 at the time of writing and is currently trading around 144.07.
On the higher side, near term resistance is around 146 and any break above 146 targets 146.91 (200-day MA)/148.
The near term support is around 144.15 and any convincing break below targets 143/142.77.
It is good to sell on rallies around 144.35-40 with SL around 145 for the TP of 143/142.77
