GBP/JPY forms bullish divergence in weekly chart, slight jump till 155 is possible

• Major Support – 149.80 (161.8% retracement of 152.95 and 157.95)
   
• Major resistance- 152.75 (4H Kijun-Sen)
   
• GBP/JPY has declined till 150.08 in the morning and slightly recovering from that level. It is currently trading around 150.32.
   
• GBP plunged against all major pairs after new poll from opinium shows a huge lead for Brexit.
   
• In weekly chart both CCI (50) and RSI (14) is showing classical bullish divergence and so slight jump till 155/157 is possible.
   
• On the lower any break below 149.80 will drag the pair down till 148 level.
   
• Technically the pair is facing resistance around 151.50 (support turned into resistance) and any break above targets 153/154.50/155.

It is good to buy at dips around 150.20 with SL around 149.80 for the TP of 152.75/154.50/155