• Major support – 140.80 (200- day MA)  
   
• GBP/JPY broken the trend line resistance and jumped till 142.79 yesterday.  It is currently trading around 142.35.
   
• The pair formed a temporary bottom at 140.77 yesterday and jumped from that level.
   
• GBP has taken support near 60- day EMA against USD and jumped sharply from that level. It is currently trading around 1.25161.
   
• On the lower side, any break below temporary bottom at 140.80 will drag the pair down till 140.36 (60- day EMA)/139.71 (89- day EMA).
• The major resistance is around 143.20 (200- 4H MA) and any break above will take the pair to next level till 143.65 (100 – day MA).
  
  It is good to buy on dips around 141.60 with SL around 140.75 for the TP of 143.20/145