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Ichimoku Analysis (Hourly chart)
Tenken-Sen- 133.70
Kijun-Sen - 134
GBPJPY is trading lower after a minor pullback till 134.60 and is currently trading around 133.49. Short term trend is bearish as long as resistance 135 holds.
The pound sterling is weak for the day and any violation below 1.24100 confirms major weakness. Minor bullishness only above 1.2500.
On the flip side near term, support is around 133.25-30 any violation below will drag the pair till 132.20/131.60.
The near term resistance is around 134.60 and intraday bullishness only above that level. Any break above targets 135/135.65.
It is good to sell on rallies around 133.55-60 with SL around 134.25 for the TP of 132.20.
