GBPJPY trading higher yesterday and jumped more than 150 pips after a good recovery in Cable on positive Brexit news. Jacob Rees-Mogg who heads pro-Brexit hinted that he will support May’s Brexit deal.GBPUSD hits high of 1.3260 after the news and lost more than 80 pips from the high. Markets eye UK Brexit Parliament vote today at 15:00 GMT and results will be out after 21:00 GMT.The pair hits high of 146.45 and is currently trading around 145.80.
On the lower side, near term support is around 145.45 (300- day EMA) and any close below will take the pair to next level till 145/144.60.
The near term resistance is around 146.72 (20- day MA) and any break above will take the pair to next level till 147.17 (61.8% fib)/147.78.
It is good to buy on dips around 145.20-25 with SL around 144.60 for the TP of 147.15.
