GBP/JPY has declined sharply after hitting high of 143.19 and pair dipped till 141.50 at the time of writing. It is currently trading around 141.68.
- The pair upside capped by 100- day MA at 143.20 and any further jump can be seen only above that level. Any brake above will take the GBP/JPY till 144/144.50. The minor resistance is around 142.40 (7- day MA)/143.
- On the lower side, pair broken major support of 142.05 (200- day MA) and this confirms minor weakness and a dip till 141.26/140.
It is good to sell on rallies around 142.20-25 with SL around 143.20 for the TP of 141.25/140.
