- GBP/JPY has halted its 6 days of weakness and has jumped almost 90 pips from the low of 145.46. The pair has lost more than 350 points in previous week. GBP is trading higher for the third consecutive day and jumped till 20- day MA at 1.3715 on account of broad based US dollar selling and short covering UK’s weak economic data and Brexit uncertainty will prevent further upside in pound sterling. A weaker than expected UK macro data would dampen the chance of rate hike by BOE in August month. The pair hits intraday low of 146.50 and is trading around 146.20.
- The pair is facing strong resistance at 146.60(20- day MA) and any break above will take the pair till 147.17 (55- day EMA)/148.18.
- On the lower side, near term support is around 145 and any break below will take the pair to next level till 144.35/143.
It is good to sell on rallies around 146.25-30 with SL around 146.70 for the TP 145/144.35.


Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: EUR/NZD remains under pressure as key support gives way
FxWirePro: AUD/USD edged lower as early optimism over U.S.–Iran peace talks fade
FxWirePro: USD/CAD extends decline on broad dollar weakness
Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges lower ,investors remain on edge
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: GBP/AUD takes back some lost ground
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro: EUR/AUD under pressure as key support gives way
Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target 



