Ichimoku Analysis (Hourly chart)
Tenken-Sen- 139.865
Kijun-Sen- 139.86
GBPJPY is trading higher and jumped more than 150 pips on the strong Pound sterling. GBPUSD surged higher and holding well above 1.355 levels on hopes of a last-minute Brexit trade deal. Markets eye Bank of England monetary policy for further direction. The intraday trend of GBPJPY is bullish as long as resistance 139 holds.
Technical:
The pair is holding above 140 levels after a long consolidation. Any violation above 140.30 will take the top next level till 140.75/141.50/142. On the lower side, near term support is around 139.65, and any indicative break below targets 139/138.25/137.19.
It is good to buy on dips around 139.55-60 with SL around 139 for the TP of 141.
