Major resistance - 146
GBPJPY was highly volatile yesterday and was trading more than 100 pips on both sides. Traders are highly cautious ahead of Brexit vote in parliament which is to take place next Tuesday. According Reuters poll if UK parliament rejects Brexit deal GBP might decline nearly 3%.GBP shown a minor recovery against USD from low of 1.26583and is hovering around 1.2700 level.But overall trend is still weak. GBPJPY hits intraday low of 143.25 and is currently trading around 143.35.
On the higher side, near term resistance is around 145.50-55 (23.6% fib) and any break above targets 144.80/145.45 (20-day MA)/146.
The near term support is around 142.80 and any convincing break below targets 140.
It is good to sell on rallies around 144.95-145 with SL around 146 for the TP of 140.


GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro- Woodies pivot (Major)
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal 



