Ichimoku analysis (4 Hours chart)
Tenken-Sen - 145.46
Kijun-Sen - 145.06
GBPJPY trading higher for third consecutive day and jumped more than 400 pips from low of 142.77 on Brexit deal hopes. GBP was trading higher against all pairs especially USD and jumped more than 300 pips after UK and EU negotiators have secured a deal for financial services . The pair hits high of 147.02 and is currently trading around 146.93.
Intraday bias is bullish as long as support 146.02 (100- 4H MA) holds. Any break above 147.15 (200- day MA) will take the pair 148/148.40.
The near term support is around 146.02 (100 4H MA) and any break below targets 145.61/145. The pair should break below 145 for further weakness.
It is good to buy on dips around 146.45-50 for the TP of 146 for the TP of 145.80.
