Candlestick Pattern- Doji
Major support- 148.60
As per our analysis GBPJPY declined sharply more than 250pips after hitting high of 149.48. This is the fourth time crossing above 149 (149.71,149.42,149.51,149.48) and declined from that level. It hits low of 146.92 and is currently trading around 147.18.
Short term trend is weak as long as resistance 149.70 hods. Any violation above targets 150/150.95 level. The pair is trading slightly below 200- day MA and any close below confirms further weakness.
On the lower side, near term support is around 146.85 and any break below targets 146.32-40 (20- day MA and 89- day )/145.35.
It is good to sell on rallies around 147.35-40 with SL around 148 for the TP of 145.40.


FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro- Major European Indices
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro- Woodies Pivot(Major)
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro: USD/JPY edges up as yen dips after soft household spending data
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro: USD/CNY falls to three-year high, scope for further downside
FxWirePro- Major European Indices 



