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GBP/JPY breaks minor trend line resistance, jump till 141.25 likely

  • Major intraday resistance – 140.25 (trend line joining 140.75 and 140.53)
     
  • Major intraday support – 139.70 (trend line joining 139.51 and 139.62)
     
  • The pair breaks trend line resistance at 140.25 and jumped till 140.41 at the time of writing .It is currently trading around 140.21.
     
  • On the higher side break above 140.25 will take the pair to next level till 140.75/141.25 in the short term .
     
  • Technically for the intraday support is at 139.70 and break below targets 139.

It is good to buy on dips around 140.20 with SL around 139.70 for the TP of 140.75/141.20.

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