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DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80 
- Major resistance – 128.10 (9- day EMA).
- Major support- 125.99 (61.8% retracement of 124.82 and 127.93).
- GBP/JPY jumped drastically from the low of 125.92 made on 13th Oct 2016.It is currently trading around 126.79.
- The pair upside capped by 9- day EMA and any short term bullishness only above that level. In the daily chart the pair is trading slightly below 5- day MA (126.89) and 10- day MA (128.67) level.
- Any break above 9- day EMA (128.10) will take the pair to next level till 128.67/129.50 in the short term.
- On the lower side,126 will be acting as short term support any break below will drag the pair to next level till 124.80.
It is good to sell on rallies around 127.50-60 with SL around 128.15 for the TP of 126/124.85.
