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Ichimoku Analysis (Hourly chart)
Tenken-Sen- 139.33
Kijun-Sen- 138.97
GBPJPY recovered sharply on surge in Pound sterling. GBPUSD jumped more than 200 pips from a minor low of 1.32238 on Brexit optimism. Markets eye UK-EU last round Brexit deal talks in Brussels for further direction. The intraday trend of GBPJPY is bullish as long as 139 holds.
Technical:
The pair is trading above 200-H MA, any violation above 140.70 confirms trend continuation. A jump till 141.50/142./142.45. On the lower side, near term support is around 139.40 and any indicative break below will drag the pair to 139/138.35./137.90.
It is good to buy on dips around 139 with SL around 137.90 for the TP of 141.50.
