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GBPJPY has halted its 2 days of loosing streak and shown a minor recovery from low of 145.98. the decline was due to weakness in pound sterling against all majors on Brexit uncertainty.It is currently trading around 146.22.Markets eye UK CPI and BOE Carney speech for further direction.
On the higher side, any convincing break above 146.30 will take the pair to next level till 147/147.20. It should break above 147.20 high made on Apr 3rd 2019 for further jump till 148/148.85.
The near term support is around 145.85 and any violation below will drag GBPJPY down till 145.60/145. Any close below 144.65 confirms major weakness.
It is good to buy above 146.30 with SL around 145.95 for the TP of 147.20
