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Candlestick pattern- Doji
The pair is trading higher for past 11 days and jumped more than 850 pips. The pair hits high of 148.57 and is currently trading around 147.83.
GBPJPY has formed doji in daily chart and bearish confirmation happens only if it trades below 147.50 and any break below will drag the pair till 146.83 (23.6% fib)/146.16/145.30 (300- day EMA).
On the higher side, major resistance is around 148.60 and any violation above will take the pair to next level till 149.30/149.71.
It is good to sell below 147.50 with SL around 148.25 for the TP of 145.35.
