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FxWirePro- Woodies pivot (Major) 
- Major resistance – 140.60 (55- day EMA).
- Major support -138.40.
- GBP/JPY formed a minor bottom around 138.43 and jumped slightly from that level. It is currently trading around 139.48.
- On higher side, the pair showed a slight jump till 140.49 and started to decline from that level. It should break above 140.60 (55- day EMA) and any close above will take the pair till 141.77 (Feb 24th 2017 high)/142.36 (61.8% retracement of 144.78 and 138.43).
- The major near term support stands around 138.40 and any break below will drag the pair till 136.45.
- The decline from 195.50 to 124 will come to an end only if the pair breaks above 148.45.
It is good to sell on rallies around 140-140.10 with SL around 140.75 for the TP of 138.40/136.45
Resistance R1-140.75
R2 -141.78
R3- 142.36
Support
S1-138.40
S2-136.50
S3- 134
