Ichimoku Analysis (1-Hour Chart)
Tenken-Sen- 144.70
Kijun-Sen- 144.73
GBPJPY has taken support near 100-H MA and shown a minor recovery of more than 30 pips on the strong Pound sterling. GBPUSD holding well above 1.3800 on UK vaccine optimism. Nearly 10 million people have vaccinated one dose in the UK with prioritizing elderly people. USDJPY's trend reversal only above 105.78.
Technical:
The pair's significant resistance at 145, any convincing break above targets 146.81/147.95. The decline from 156.60 will get completed at 123.99 once if it breaks 148. On the lower side, near term support is around 144.50, and any violation below targets 144/143.50/143.
Indicator (1-hour chart)
CAM indicator –neutral
Directional movement index – Neutral
It is good to buy on dips around 144.10-15 with SL around 142.85 for the TP of 146.81.
