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- Major Support – 149.80 (161.8% retracement of 152.95 and 157.95)
- Major resistance- 152.75 (4H Kijun-Sen)
- GBP/JPY has declined till 150.08 in the morning and slightly recovering from that level. It is currently trading around 150.32.
- GBP plunged against all major pairs after new poll from opinium shows a huge lead for Brexit.
- In weekly chart both CCI (50) and RSI (14) is showing classical bullish divergence and so slight jump till 155/157 is possible.
- On the lower any break below 149.80 will drag the pair down till 148 level.
- Technically the pair is facing resistance around 151.50 (support turned into resistance) and any break above targets 153/154.50/155.
It is good to buy at dips around 150.20 with SL around 149.80 for the TP of 152.75/154.50/155
