GBPJPY: Chart of the day (US session)

GBPJPY has broken 147.10 low made yesterday after long consolidation. The decline was mainly due to huge selling GBP against majors on no deal Brexit fears. It hits low of 146.75 and is currently trading around 146.89.

The near term support is around 146.42 (200-H MA) and any violation below targets 146.16/145.85.

The intraday bullishness only above 147.78 high made today. Any break above targets 148/148.60.

It is good to sell on rallies around 146.95-147 with SL around 147.55 for the TP of 145.85