• GBP/JPY is consolidating in narrow range between 144.69 and 145.77 for the past two trading session.GBP recovered slightly after breaking below 1.3200 level.Bank Of England out with Financial Stability Report (FSR). The report says that the Brexit is the major domestic risk to financial stabilty. The pair hits low of 1.31890 after the report and is curretly trading around 1.32147.Market eyes BOE Carney speech for further direction. The pair’s trend is weak as long as resistance 148.11 high made on Jun 7th 2018. GBPJPY recovered till 146.63 and started to decline sharply from that level. Japanese yen was trading high against all majors on renewed trade worries between major economies. US dollar index has jumped more than 50 pips from the low of 94.17 and it is trading around 94.72. GBP/JPY hits intraday low of 144.81 and is currently trading around 145.19.
   
• The pair is facing strong resistance at 145.67 (200 H MA) and any break above will take the pair till 146.20/146.60. Any close above 148.11 will take the pair to next level till 149/150.
   
• On the lower side, near term support is around 144.69 and any break below will take the pair to next level till 144.35/143.
  
  It is good to sell on rallies around 145.55-60 with SL around 146.60 for the TP of 143.20.