Potential Reversal Zone (PRZ) – 144.78
GBPJPY has formed pattern in the and potential reversal zone is around 144.78. It is currently trading around 143.44.
On the higher side any further bullishness can be seen above 144.80 level. Any break above that level confirms major trend reversal and jump till 148.45.
The near support is around 141.96 and any break below will drag the pair down till 140/139.58 (55 day )/138.85 ( of 135.59 and 143.89).
It is good to sell on rallies around 143.65-70 with SL around 144.80 for the TP 140/138.90.