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GBPJPY has broken major resistance 142.65 after a long consolidation between 142.63 and 141.17 in past 4 trading session The jump was mainly due to improving risk sentiment across the globe. The yen was trading lower against all majors on account of US-China trade hopes. The pair hits intraday high of 142.88 and is currently trading around 142.78.
Technically the pair is trading slightly above 142.60-62 (200- H MA) and this confirms minor bullishness and a jump till 143.55/144.15.
On the lower side, near term support is around 142 and any break below will drag the pair to next level till 141.70/141.15/140.
It is good to buy on dips 142.60-65 with SL around 142 for the TP of 144.15.
