Ichimoku Analysis (4-hour chart)
Tenken-Sen- 132.67
Kijun-Sen- 133.429
GBPJPY is trading higher and holding above 133 level. The intraday bias is bullish as long as support 131.90 holds. GBP recovered from low of 1.23040 made yesterday and markets eye UK PMI data for further direction.
Technically, the pair has broken high 133.29 made yesterday and a jump till 133.81/134.27 likely. Significant trend reversal only above 135.75.
The immediate support is around 131.90-132 and any violation below targets 131.28/130.
It is good to buy on dips around 133 with SL around 132 for the TP of 134.27.
