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Ichimoku Analysis (1-hour Chart)
Tenken-Sen- 142.49
Kijun-Sen- 142.53
GBPJPY has lost few pips after a minor jump above trend line resistance 142.80. The pair should close above 142.80 for further bullish continuation. GBPUSD declined more than 100 pips on the ongoing tension between EU-UK over Astra Zeneca vaccine. The Intraday trend of GBPJPY is bullish as long as support 141.79 holds.
Technical:
The pair's significant resistance at 142.80, any convincing break above targets 143.75/144.95. On the lower side, near term support is around 141.80, and any violation below targets 141.20/140.35. Significant
It is good to buy on dips around 142.25-30 with SL around 141.80 for the TP of 143.70.
