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GBPJPY has shown a massive recovery of 195 pips from low of 141 on account of good jump in GBP against all majors as UK government might re-negotiate the Brexit deal or delay the deal beyond Mar 29th. GBPJPY hits intraday high of 142.95 and is currently trading around 142.84 .
The pair is facing strong trend line resistance around 142.95-43 and any violation above targets 143.60/144.17.
The near term support is around 142 and any break above targets 141.50/141. The pair should break below 141 for further weakness.
It is good to buy above 142.95 with SL around 142.40 for the TP of 144.15.
