Caught a buy entry for GBPJPY at 149.19, trailing stop loss at 151.08. Its about 190pips gain in profit if this trade is stop out. It is now half way through US time zone, may expect lesser volatility. Most probably profit taking from the upward move will follow shortly. We might be stop out at 151.08.

151.46-151.53 is a tough zone to crack. We have the monthly and weekly pivots respectively. Next level of resistance is at 152.05, place where my indicator show me the resistance. Next major resistance will be at the weekly pivot 153.03. It also happens to be the high of the month at 153.22. GBPJPY drops 300pips on 1 single 4hr candle after reaching this resistance. Therefore is a very significant resistance to watch out for.