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Potential Reversal Zone (PRZ)- 149.31.
GBPJPY has halted one week winning streak and lost nearly 50 pips from the high of 147.01. The near term resistance is around 147.25 and any break above targets 148/149.31.
On the lower side, near term support is around 146 and any violation below 145.25/144.70 (100- 2H MA)/144.12 (200- 2H MA).
It is good to sell on rallies around 147.25-30 with SL around 148 for the TP of 145.31/144.75.
