• Major resistance – 144.65 (trend line joining 148.45 and 147.35)
   
• Major intraday support – 143.48 (50% retracement of 138.51 and 148.45)


• GBP/JPY has once again jumped after declining till 143.48. The pair should break below 143.48 for a slight decline till 142.45 (200- day MA).Any close below 200- day MA will drag the pair down till 140.
   
• On the higher side, the next immediate resistance is around 144.25 and any break above that level will take the pair to next level till 144.65 (21- day MA)/145.35/146.35 (Dec 20th 2016 high).
   
• Overall trend reversal only above 148.50.
  
  It is good to sell on rallies around 144.35-40 with SL around 145.20 for the TP of 143.48/142.60.