• Major resistance – 144.65 (trend line joining 148.45 and 147.35)
   
• Major support – 142.50 (21- day MA)
   
• GBP/JPY broken major support at  144.25 21- day MA and closed slightly well below that level on Friday. Any close below 21- day MA will drag the pair down till 142.50 (200- day MA).Any close below 200- day MA will drag the pair down till 140.
   
• On the higher side, the next immediate resistance is around 144.65 and any break above that level will take the pair to next level till 145.97/146.35 (Dec 20th 2016 high)/147.35.
   
• Overall trend reversal only above 148.50.
  
  It is good to sell on rallies around 143.75-80 with SL around 144.65 for the TP of 142.60/140.