• Major intraday resistance -130
   
• Major support – 126.40 (trend line joining 125.91 and 126.12).
   
• GBP/JPY  has taken support near 34- day EMA and jumped till 129.97 at the time of writing. It is currently trading around 129.85.
   
•  Any close above 130 psychological level 130 confirms minor bullishness. So a jump till 130.85 (55- day EMA)/132 can be seen.
   
• On the lower side, 129.15 (34- day EMA) will be acting as short term support and any indicative break below 129.15 will drag the pair down till 128.50 (daily Kijun-Sen)/ 127.50 (21- day MA) in the short term. The minor support is around 127.50 (21- day MA).
  
  It is good to buy on dips around 129.65-70 with SL around 129 for the TP of 132.