Major support- 143.75
GBPJPY has shown a minor jump after making a double bottom around 143.75. It hits high of 144.45 at the time of writing.The jump was mainly due to minor weakness of US dollar against GBP. GBPUSD recovered sharply from low of 1.28656. Markets eye Brexit cross party talks for further direction.But BOE monetary policy meeting which is to be happen on Thursday will deciding factor this week.It is currently trading around 144.43.
On the higher side, near term resistance is around 144.55 (200- day MA) and any break above will take the pair to next level 145.07-13 (200 H EMA and 300-H EMA).
The near term major support is around 143.75 and any violation below will drag the pair to next level till 143.
It is good to buy on dips around 144.10-15 with SL around 143.75 for the TP of 145.25.
