GBPJPY declined slightly below 140 and shown a minor jump from that level. The pair hits high of 141.32 on Aug 16th and is currently trading around 140.96.
On the higher side, near term resistance 141.05 (trend line joining 143.49 and 142.47) and any convincing break above will take the pair to next level at 141.32/141.86 (55- 4H EMA). Any break above 141.86 targets 142.47. The pair should break above 142.47 for further bullishness.
The near term major support is around 140.20 and any violation below targets 139.89/139.The minor support is around 140.70
It is good to buy above 141.05 with SL 140.70 for the TP of 142.47.
