Ichimoku Analysis (Hourly chart)
Tenken-Sen- 142.94
Kijun-Sen- 142.72
GBPJPY has declined sharply after a jump till 143.45 yesterday. The decline was due to major sell-off in GBPUSD and lost more than 100 pips on increasing the chance of no-deal Brexit. It hits intraday low of 1.30135, break below 1.300 confirms major weakness.
On the flip side, near term resistance is around 143.54 (38.2% fib) and any indicative break over targets 144.36/145.29.
The significant support is around 142, a violation under will take the pair down till 140.80/140.
It is good to sell on rallies around 143 with SL around 143.50 for the TP of 141.20.
