FxWirePro:GBP/JPY faces strong resistance at 140.60, good to sell on rallies

• Major resistance- 140.55 (trend line joining 143.22 and 141.29)
   
• Major support -139.40 (90 H EMA)
   
• The pair jumped till 141.29 yesterday and declined from that level. It is currently trading around 140.09.
   
• It has taken support 90 HMA and slightly jumped from that level. The Intraday trend is weak as long as resistance 140.60 holds.
   
• The major support is around 139.40 and any violation below 139.40 will drag the pair till 138.70/137.76.
   
• On the higher side, any break above 140.57 will take the pair to next resistance at 141.29/142.60/143.

It is good to sell on rallies around 140-140.10 with SL around 140.60 for the TP of 138.70/138