GBPJPY was trading higher yesterday and jumped more than 100 pips from low of 136.55 The jump was mainly due to slight jump in Pound on account of short covering. GBPUSD jumped more than 150 pips in past three trading days. The pair hits high of 137.78 and is currently trading around 137.35.
On the lower side, major support is around 136.50 and any violation below will take the pair to next level till 135.80/135.
The major trend reversal level is around 138 and any violation above will take the pair to next level till 138.73/139.20.
It is good to buy on dips around 137 with SL around 136.50 for the TP of 138.70.


FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: USD/CNY gains some ground but bearish outlook persists
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm 



