Ichimoku Analysis (4-Hour chart)
Tenken-Sen- 131.65
Kijun-Sen- 132.86
GBPJPY is trading lower for 2nd consecutive days on Pound sterling weakness. The pair has formed a minor top 135.45 on Apr 30th, 2020, and started to decline. It has broken significant support 131.90 yesterday and hits a low of 130.66 levels. It is currently trading around 131.05.
Markets eye BOE policy meeting today for further direction. The central bank is expected to keep rates unchanged at 0.1%.
The near term support for the day stands at 130.50, violation below will take the pair till 129.80/129.
On the higher side, strong resistance is at 132 (support turned into resistance) and jump above targets 132.60/133.18. Minor trend constinuation happens only if it breaks 133.20.
It is good to sell on rallies around 131.95-132 with SL around 132.60 for the TP of 130.70.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro- Major European Indices
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro- Major Crypto levels and bias summary
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows 



