Major Intraday resistance - 147.50
Chart pattern- Adam and Eve double bottom
GBPJPY is consolidating between 147.45 and 146.60 in past two trading session. The pair hits intraday high of 147.30 and is currently trading around 147.16.
The near term intraday resistance is around 147.45 and any break above targets 147.78/148 Any violation above 148.60 confirms bullish continuation.
On the lower side, near term support is around 146.95 (200- H MA) and any break below will drag the pair to next level till 146.60/146.
It is good to buy above 147.45 with SL around 146.95 for the TP of 148.57.
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