Major support -132 (hourly Kijun-Sen)
Hourly chart (CMP- 132.28)
GBP/JPY has declined till 131. 44 yesterday and jumped from that level. It is currently trading around 132.27.
The intraday trend is as long as support 131.20 (200 ) holds.
On the higher side, any break above 132.50 will take the pair to next level till 133/134.05/135.25 in the short term.
Any break below 200 will drag the pair to next immediate support at 130/128.60.
It is good to buy on dips around 132 with SL around 131.20 for the TP of 134.05/135.25