• GBPJPY forms the temporary top around 148.11 and started to decline for fourth consecutive days from that level. It is currently trading around 145.07.
   
• The pair broken minor support at 146.30 (daily Tenkan-Sen and 10 day MA) and declined till 144.95 at the time of writing.  The downside capped by 23.6% fibo and any close below will drag the pair till 144.30 (21- EMA)/143.30 (38.2% retracement of 135.59 and 148.11)/141.85 (daily Kijun -Sen).
   
• On the higher side, minor resistance is at 146.40 (10 day MA) and any break above will take the pair till 147/148.10 (May 10th 2017 high). Bullish continuation can be seen only above 148.10.
   
• Markets await UK employment data which is to be released today for further direction.
  
  It is good to sell on rallies around 145.25-30 with SL around 146.40 for the TP of 143.30/142