Ichimoku Analysis (4-hour chart)
Tenken-Sen- 139.96
Kijun-Sen- 139.48
GBPJPY is holding above 140 levels on the strong Pound sterling. GBPUSD trades well above 1.3500 on hopes of a Brexit deal. The optimism has increased after Irish Fm commented that Brexit trade deal possible in the 'next few days'. The intraday trend of GBPJPY is bullish as long as 139.45 holds.
Technical:
The pair has broken significant resistance 140.50; a jump till 142/142.71 is possible. On the lower side, near term support is around 140 and any indicative break below will drag the pair to 139.44/139/138.75/138.49/138.20/138.
It is good to buy on dips around 140 with SL around 139 for the TP of 142.70.
