• Major resistance – 151.60 (trend line joining 153.40 and 152).
   
• GBP/JPY has jumped slightly after breaking trend line resistance. The pair hits high of 152.08 and is currently trading around 151.67.
   
• The pair should close convincingly above 152 for the next minor jump. Any close above 152 will take the pair to next level till 153/153.40. It should break above 153.40 for jump till 155/157.
   
• The near term support is around 151.27 (100- 4H EMA) and any break below will drag the pair till 150.53 (200- 4h EMA)/150.10.
  
  It is good to buy on dips around 151.55-60 with SL around 151 for the TP of 153.40/155.