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- GBP/JPY is continuing its third day of weakness after forming a temporary top around 149.37. The yen was trading higher against all majors as safe haven demand increased on account of US trade war. The pair hits intraday low of 147.25 and shown a minor jump from that level. The pair is currently trading around 147.59.
- GBP was trading slightly weak against all pairs yesterday on account escalating tensions between UK –Russia. The major resistance is around 149.40 and any break above targets 150/151.20. The near term resistance is around 148.20/148.65/149.
- On the lower side, near term support is around 147.25 and any close below will drag the pair till 146.95/146.36/145.
It is good to sell on rallies around 148.20-30 with SL around 149.30 for the TP of 146.95/145.
