Major support -144.58 (200-day MA)
GBPJPY trades lower and declined nearly 100 pips from high of 145.63 on weak Pound sterling. GBP was trading lower against all majors on Brexit pessimism. GBP has broken major support 1.2965 (200- day MA0 and this confirms minor weakness a dip till 1.2800 likely. GBPJPY hits low of 144.58 and is currently trading around 144.66.
On the lower side, any close below 144.58 confirms major weakness and a decline till 143.75-80 possible.
The near term resistance is around 145 and any break above will take the pair to next level till 145.61/146.
It is good to sell on rallies around 145-145.10 with SL around 145.61 for the TP of 143.75.
