• Major resistance- 142.25 (trend line joining 148.45 and 145.39).
   
• Major support – 140.80 (200- day MA) 
   
• GBP/JPY shown a slight jump till 142.08 and started to decline from that level.  It is currently trading around 141.34.
   
• The pair recovered till 142.17 on 19th Jan after making a temporary bottom around 136.45.
   
• GBP is showing a dip after a major jump against all majors on account of UK Supreme Court ruling over whether parliament approval is required to trigger Article 50.
   
• On the lower side, any break below 140.80 will drag the pair down till 140.29 (60- day EMA)/139.65 (90- day EMA).
   
• The major resistance is around trend line resistance and any break above will take the pair to next level till 143.65 (100 – day MA).
  
  It is good to sell on rallies around 141.45-141.50 with SL around 142.30 for the TP of 140.29/139.65