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FxWirePro-Major European Indices 
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FxWirePro- Major European Indices 
- Major support – 144 (55 EMA and trend line support).
- GBP/JPY has made a high of 146.40 yesterday after forming a minor bottom at 144. It is currently trading around 146.17.
- On the higher side, minor resistance is around 146.40 (61.8% retracement of 147.77 and 144) and any break above will take the pair till 147.10/147.70.
- Any intraday bearishness can be seen only below 145.30 (21- day EMA) level. Any break below will drag the pair down till 144/143.20 (50% retracement of 138.67 and 147.77)/142.25 (100- day MA).
- Overall bearish invalidation only above 148.11 level.
It is good to buy on dips around 146 with SL around 145.30 for the TP of 147.60/148.
