• Major support – 144.20 (55- H EMA)
   
• GBP/JPY has taken support near 55- H MA and started to jump from that level. It is currently trading around 145.39.
   
• The intraday trend is slightly bullish as long as support 144 holds.
   
• Any break below 144 will drag the pair down till 142.50/141.95 (200- H MA). On the higher side,  146.05 the high formed yesterday is acting as major resistance and any break above will take the pair to next level till 147.25 (161.8% retracement of 146.05 and 144.04).
  
  It is good to buy on dips around 145 with SL around 144 for the TP of 147.25