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Major support -142
GBPJPY has halted its minor upside near 76.4% fib and declined more than 200 pips from minor top 144.17 level. It has broken yesterday’s low around 141.89 and is currently trading around 141.95.
Intraday trend is still weak as long as resistance 142.56-60 (300- H EMA) holds. Any break below 141.80 will drag the pair down till 141.17/140.30. Any break below 140 confirms further bearishness.
The near term major intraday resistance is around 142.56-60 and any violation above targets 143/143.30 (200- H MA).
It is good to sell on rallies 142.25-30 with SL around 142.65 for the TP of 140.35.
