As per our analysis GBPJPY recovered sharply nearly 100 pips from intraday low of 144.05.The jump was mainly due to sudden surge in GBP against USD and jumped nearly 100 pips from low of 1.29265.The latest talks happened between ministers and labor were productive and positive.Markets eye UK manufacturing PMI and BOE monetary policy for further direction.It hits high of 145.06 and is currently trading around 145.02.
On the higher side, near term resistance is around 145.02 (300- H EMA) and any hourly close above will take the pair to next level 145.60/146.20.
The near term major support is around 144.50 and any violation below will drag the pair to next level till 144/143.75.
It is good to buy on dips around 1444.90-95 with SL around 144.50 for the TP of 146.


GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro- Major Pair levels and bias summary
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: GBP/NZD stuck in range but outlook is bullish 



