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FxWirePro- Woodies Pivot(Major) 
FxWirePro- Woodies Pivot(Major) 
- Major resistance- 140
- GBP/JPY has declined sharply after making a high of 139.01. It is currently trading around 136.59.
- Short term trend is still weak as long as resistance 140 holds.
- The bear trend from 160.11 till 133.21 will come to an end if the pair breaks and closes above 140 level.
- Any break above 140 will take the pair to immediate resistance at 142.50 (7 day EMA)/ 144.08 (High made after Brexit)/146.66 (Daily Tenkan-Sen).The minor resistance is around 139.
- On the lower side, minor support is around 137 (21 4H MA) and any break below targets 135/133.21.
It is good to sell on rallies around 137.50-138 with SL around 140 for the TP of 135/133.50
