FxWirePro:GBP/JPY faces strong intraday resistance at 146.35, good to sell on rallies

• Major intraday resistance – 146.35.
   
• Major intraday support – 145.30.
   
• The pair shown a mild jump till 145.91 after declining till 145.34 yesterday. GBP/JPY has broken the intraday support of 145.30 and declined slightly from that level. It is currently trading around 145.32.
   
• The intraday trend is slightly weak as long the resistance 146 holds.
   
• On the lower side, break below 145.30 confirms minor weakness and dip till 144.50/144 is possible.
   
•  The pair’s immediate resistance is around 146.35 and any break above will take the pair till 147/147.35/148.50 (Dec 15th high).

It is good to sell on rallies around 145.50-145.60 with SL around 146.35 for the TP of 144.50/144.