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GBPJPY has broken major triangle resistance 143 convincingly after a long consolidation.The pair has formed a minor bottom around 141 and shown a massive recovery of 195 pips.GBP was trading higher against all major and next major date in Brexit process is Feb 27 th. UK PM May must present new plan on or before Feb 27 th. GBPJPY hits intraday high of 143.25 and is currently trading around 143.21 .
The pair is facing near term resistance around 143.33 high made on Feb 13th 2019 and any violation above will take the pair to near by resistance at 143.60/144.17/144.84. It should break above 145 for further bullishness.
The near term support is around 142.40 and any break above targets 142/141.50/141. The pair should break below 141 for further weakness.
It is good to buy on dips around 142.90-95 with SL around 142.40 for the TP of 144.15.
