Major resistance -140.60 The pair has jumped sharply after major consolidation between 140.75 and 138.40 for the past eight trading session. It is currently trading around 140.15. GBP/JPY has made a low of 139.15 yesterd…
The pair has jumped sharply after major consolidation between 140.75 and 138.40 for the past eight trading session. It is currently trading around 140.15.
GBP/JPY has made a low of 139.15 yesterday and recovered from that level.
GBP recovered against all major pair after results of the poll conducted by The Times revealed that 57% wants Scotland to remain in U.K.
On the higher side, any break above 140.60 will take the pair till 141.75/142.36 (61.8% retracement of 144.78 and 138.40).
The minor support is around 139.20 (61.8% retracement of 138.40 and 140.53) and any break below will drag the pair till 138.40/136.45.
It is good to buy above 140.60 with 139.70 for the TP of 141.75/142.35
