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 - EconoTimes)
- Major resistance – 131.10 (trend line joining and 132.25).
- Major support – 129.05.
- GBP/JPY has pared its losses after making a low of 129.63 yesterday. It jumped till 131 at the time of writing.
- The trend line is acting as major intraday resistance and any jump above that level will take the pair to next level till 132.26/133.25 in the short term.
- On the lower side, support is around 130.40 (hourly Kijun-Sen) and any break below targets 129.60/129.06.
It is good to buy above 131.10 with SL around 130.40 for the TP of 132.25/133.25
