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- Major support – 135.80 (9- day EMA).
- Major resistance – 136.53 (23.6% retracement of 138.83 and 135.82).
- GBP/JPY has broken major support at 136.25 and declined till 135.82 at the time of writing. It is currently trading around 135.99.
- The Japanese Yen has outperformed against on all major pair’s yesterday on account of weaker than expected US ISM Non -manufacturing index.
- On the lower side, major support is around 135.80 (9- day EMA) and any break below will drag the pair to next immediate support at 1352.25/134 in the short term.
- Any break above 136.53 will take the pair to next level till 137.25/138/138.85. It should close above 138.85 for further bullishness.
It is good to sell below 135.80 with SL around 136.55 for the TP of 135/134
