Ichimoku Analysis (Hourly chart)
Tenken-Sen- 141.96
Kijun-Sen- 141.89
GBPJPY has formed a minor bottom around 141.24 and shown a jump of more than 100 pips on the strong Pound sterling. GBP was trading higher against USD and shown recovery from low of 1.28721 till 1.29680.
Technically, pair is holding above 200-H MA and a jump till 143.30/144 is possible. Major trend reversal only above 144.50.
On the flip side, immediate support is around 140.80 and any indicative break below targets 140/139.25.
It is good to buy on dips around 142 with SL around 141.25 for the TP of 144.
