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FxWirePro- Woodies Pivot(Major) 
- Major support- 136.45 (trend line joining 138.84 and 137.75).
- The pair has taken support near trend line and jumped till 137.11. It is currently trading around 136.86.
- GBP/JPY shown a minor dip below 200- day MA but once again jumped slightly above that level. It has taken support near 136.45 low formed on Jan 16th 2017.
- On the lower side any break below the trend line will confirm further weakness , a decline till 133.94 likely.
- The near term resistance is around 138 (23.6% retracement of 142.80 and 136.45) and any break above targets 138.45 (21- day EMA)/ 138.91/139.60 (100- day EMA).
It is good to buy on dips around 136.55-60 with SL around 136 for the TP of 138
Resistance R1-138
R2 -138.45
R3-138.91
Support
S1-136.45
S2-133.95
S3-132
