Ichimoku Analysis (1- hour chart)
Tenken-Sen- 141.55
Kijun-Sen- 140.95
GBPJPY has broken major resistance 141.57 after a long consolidation of more than 1-month. It hits an intraday high of 141.80 and is currently trading around 141.45.
The jump was mainly due to a sharp jump in Pound sterling on Brexit optimism. The YouGov predicts a Conservative would win 359 seats in the upcoming UK. GBPUSD has jumped more than 100 pips till 1.29505 from a low of 1.28270.
On the higher side, near-term resistance is around 141.80 and any indicative break beyond targets 142.50/143.25/145.
The major support is around 139, any break beneath will drag the pair till 138/137.25.
It is good to buy on dips around 141.40-45 with SL around 140.60 for the TP of 143.25/145.
