- GBP/JPY declined sharply almost 300 pips previous week on account of weak GBP. Pound sterling was trading weak against all majors in previous week on account of weak UK economic data.UK CPI , wage growth and retail sales data came below estimate. BOE Mark Carney told in interview that chance of rate hike in the month of May will be less.
- The pair jumped almost more than 60 pips from the Friday’s low of 150.68 and is currently trading around 151.30.
- The major resistance is around 152 (10- day MA) and any convincing break above targets 152.80/153.85.
- On the lower side, near term support is around 150.37 (55- day EMA) and any close below will drag the pair till 150/149.39 (50% fibo).
It is good to buy on dips around 150.80-90 with SL around 150.37 for the TP of 152


ETH/USD Outlook: Ethereum Targets 2,770 USD as Support Holds Near 2,150 USD
AUD/JPY Outlook: Bullish Trend Intact Despite US-Iran Diplomatic Stalls
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
NZD/JPY Eyeing 95.00: Bullish Trend Holds Amid Strategic Consolidation
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro- Major European indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD bulls struggles as upside momentum fades
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: USD/JPY edged higher as dollar gains as peace talks falter
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: USD/ZAR recovers slightly but trend is still bearish 



