Ichimoku Analysis (4-hour Chart)
Tenken-Sen- 141.89
Kijun-Sen- 141.88
GBPJPY continues to trade higher for second consecutive days and jumped more than 100 pips from yesterday's low on strong pound sterling. GBPUSD hits fresh 32-month high on broad based US dollar selling. The Intraday trend of GBPJPY is bullish as long as support 141.25 holds.
Technical:
The pair's significant resistance at 142.70 (trend line resistance and Sep 1st 2020 high), any convincing break above targets 143.75/144.95. On the lower side, near term support is around 141.70, and any violation below targets 141.20/140.35. Significant
It is good to buy on dips around 142 with SL around 141.20 for the TP of 144.
