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- Major support – 144.80 (Trend line joining 138.67 and 139.20).
- GBP/JPY formed a minor top around 146.55 on Jun 27th 2017 and declined slightly from that level. It has declined till 145.12.
- The pair is trading slightly below hourly Tenkan-Sen and Kijun-Sen. But it should break below 144.80 for intraday weakness. Any break below 144.80 will drag the pair till 144/143.
- On the higher side, intraday resistance is around 145.40 (200- H MA) and any break above will take the pair till 146.55 (61.8% retracement of 148.11 and 144).
It is good to sell below 144.80 with SL around 145.40 for the TP of 144/143.
