GBP/JPY was trading higher for past two trading days and jumped more than 200 pips. UK Parliament has rejects no deal Brexit and voted by 312 to 308 a margin of four. GBPUSD shown a massive recovery especially against USD around 400 pips. After forming a minor top around 148.72 pair declines nearly 100 pips. It is currently trading around 148.12.
On the lower side, any break below 147.55 will take the pair to next level till 147/146.50 (200- H MA). Any hourly close below 146.50 confirms further weakness.
The near term resistance is around 148.72 and any break above targets 149.35/149.70.
It is good to buy on dips around 147.85-90 with SL around 147.45 for the TP of 149.70.
