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Ichimoku Analysis (Hourly Chart)
Tenken-Sen- 140.87
Kijun-Sen- 140.41
GBPJPY is holding above 140 levels on the strong pound sterling. GBPUSD hits a multi-month high after the EU and UK reached a Brexit deal the previous week. Markets eye UK Final Manufacturing PMI for further direction. The intraday trend of GBPJPY is bullish as long as support 139.68 holds.
Technical:
The pair's significant resistance at 141.30, any indicative break above targets 142/142.70. Significant trend continuation only if it goes past 142.70. On the lower side, near term support is around 140, and any violation below targets 139.68/139/137.95/137.19/136.75.
It is good to buy on dips around 140 with SL around 139 for the TP of 142.70.
