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Major support -136.50
GBPJPY has formed a temporary bottom around 136.50 and increasing in gradual pace. Yesterday pair broken 136.77 high made on Jun 5th 2019 and hits high of 137.80. It is currently trading around 137.65.GBP is consolidating in narrow range against USD and any break above 1.3750 confirms further bullishness.
The near major resistance is around 137.80 and any break above targets 138.73./139.50/140.
On the lower side, 136.98 low made yesterday will be acting as near term support and any violation below will drag the pair to next level till 136.50. Major trend reversal only below 136.50.
It is good to buy above 137.80 with SL around 137.40 for the TP of 138.73.
