Major intraday resistance- 145.65.
- GBPJPY trades flat after a major sell-off of 200 pips. It hits low of 145.36 and shown a minor recovery It is currently trading around 145.50.With 4 days only remaining UK government trying to get support from opposition as UK May’s Brexit deal got rejected 3 times. GBP is expected to trade highly volatile on account of Brexit uncertainty.
On the higher side, near term resistance is around 145.65 (200-H EMA) and any break above targets 145.90/146.54/147.20. Any bullish continuation only above 147.20.
The near term support is around 145 and nay violation below will take the pair till 144.60 (200- day MNA). Any daily close below 200-day MA confirms further weakness , a dip till 144.13/143.65 likely.
It is good to buy above 145.65 with SL around 145 for the 146.55/147.15.
