GBP/JPY breaks minor resistance at 146.05, jump till 148 likely
Major resistance- 146.40 Major intraday support - 144.20 (200- H MA) GBP/JPY jumped from the low of 144.91 made yesterday and broken the minor top formed at 146.03. It is currently trading around 146.03. The intraday tre…
GBP/JPY jumped from the low of 144.91 made yesterday and broken the minor top formed at 146.03. It is currently trading around 146.03.
The intraday trend is bullish as long as support 144.35 (200- HMA) holds. On the lower side, minor support is at 145.40 (23.6% retracement of 142.50 and 146.37) and any violation below will drag the pair down till 144.35/143.95. Short term weakness only below 142.50.
The major resistance is around 146.40 and any break above will take the pair to next level till 146.95 (161.8% retracement of 146.03 and 142.50)/147.95 in the short term.
It is good to buy on dips around 146 with SL around 145.40 for the TP of 147.95/150
