FxWirPro:GBP/JPY trade idea

• Major resistance – 141.50 (200- day MA)  
              
• Major support -139.54 (89- day EMA)
   
• The pair breaks major support 140 and declined till 139.63 at the time of writing. It is currently trading around 141.30.
   
• GBP/JPY upside is capped by 200- day MA and any break above 141.50 will take the pair to next level till 142.58 (30- day EMA)/143.40 (61.8% retracement of 145.40 and 140.17).The minor resistance is around 141.
   
• Major support is around 139.50 (89- day EMA) and any break below will drag the pair down till 138.50/135 in the short term.
  
  It is good to sell on rallies around 140.25-30 with SL around 141 for the TP of 138.55/135

Resistance                                                                               

R1-141.50.

R2-142.58

R3- 143.40

Support      

S1-139.50

S2-138.50

S3- 135