Ichimoku Analysis (Weekly chart)
Tenken-Sen- 134.52
Kijun-Sen- 134.57
GBPJPY has shown a minor jump from a low of 131.75 till 132.68 on a slight jump in Pound sterling. GBP recovered till 1.23895 on hopes of stimulus from Government and face to face Brexit talks. The weekly trend is slightly on the lower side as long as resistance 134 holds. It is currently trading around 132.36.
The pair is facing strong resistance at 134. Any break above will drag to the next level till 134/135/135.75/136.35. Significant buying can be seen only if it breaks 136.25.
On the lower side, primary support is at 131.75, and the violation below will take the pair to 130.60/129.30.
It is good to sell on rallies 132.65-70 with SL around 133.50 for the TP of 130.60/129.50.
