Ichimoku Analysis (Hourly chart)
Tenken-Sen- 139.50
Kijun-Sen- 139.42
GBPJPY has formed almost a double top near 139.85 in the hourly chart. It has started to decline on the strong yen. USDJPY continues to trade weak after forming a minor top at 104.76. The pound sterling has shown a minor sell-off after the European commission president said that a no-deal Brexit remains a possibility.
Technical:
The pair is facing strong resistance 140.31, break above confirms bullish continuation. A jump to 142.71/143 is possible. On the lower side, near term intraday support is around 139, and any indicative break below will drag the pair to 138.45/138/137.60/137.19.
It is good to sell on rallies around 139.75-80 with SL around 140.31 for the TP of 138.


Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY holding bid into weekend
FxWirePro- Major European Indices
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level 



