• 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 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