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FxWirePro:GBP/JPY breaks trend line support at 144.35, decline till 143.55 likely

  • Major intraday support – 144.35 (Trend line joining 142.88 and 143.51).
     
  • Major resistance – 145
     
  • The pair is showing a continuous jump from the low of 136.45 and reached till 144.78. It has shown a slight decline on account of profit booking. It is currently trading around 144.17.
     
  •  GBP/JPY broken tend line support at 144.35 and any break below will drag the pair till 143.55 (60- H EMA)/142.95 (100- day EMA)/141.55 (200- HMA).
     
  • On the higher side, any break above 145 will take the pair till 145.40/146.35 (Dec 20th 2017 high).

    It is good to sell on r allies around 144.30-35 with SL around 145 for the TP of 143.55/142.95.
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