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Ichimoku Analysis (hourly chart)
Tenken-Sen- 143.06
Kijun-Sen- 143.25
GBPJPY recovered more than 250 pips after forming a minor bottom around 141.16. The jump was mainly due to a strong pound sterling despite Brexit worries. It rose more than 200 pips from a low of 1.2900 level and hits a high of 1.31357.
Technically, near-term resistance is at 143.65 and any indicative break above will take the pair to next level till 144.20/145.
On the flip side, major intraday support is around 142.90 (200- H MA) and the break below will drag the pair down till 142.11 (61.8% fib)/141.20.
It is good to buy on dips around 142.90 with SL around 142.10 for the TP of 145.
