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Ichimoku Analysis (4-hour chart)
Tenken-Sen- 141.43
Kijun-Sen- 141.43
GBPJPY jumped sharply and jumped more than 140 pips till 142.27 at the time of writing. It hits 5/1/2 month high on the strong Pound sterling. It is currently trading around 142.32.
GBPUSD trades higher and hits the highest level since 7 months high at 1.30976. The overall trend is bullish, jump till 1.31750 is possible.
On the flip side, near term support is around 141.40 and any violation below will drag the pair down till 140.85 (200-H MA). Any close below 140.85 confirms minor weakness, dip till 140 is possible.
The near-term resistance is around 142.85 and breaks above targets 143.25/144/145.
It is good to buy on dips around 142.10-15 with SL around 141.40 for the TP of 145.
