GBP/JPY is trading weak and lost more than 200 pips from yesterday’s high of 147.58. Short term trend is weak as long as resistance 148 holds. It is currently trading around 145.82.
The pair has closed below 200 day MA yesterday and also broken low of 145.81 made on Oct 18th 2018. This confirms minor weakness , a decline till 145.79/143.45.
On the higher side, major resistance is around 146.49-56 (89- day EMA and 55- day EMA) and break above targets 147.58/148.
GBP has once again taken support near 1.29200 and shown a 100 pips jump. Overall trend is still bearish on Brexit uncertainty.
It is good to sell on rallies around 146.55-60 with SL around 147.55 for the TP of 143.50.


FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro- Woodies Pivot(Major)
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro-Major European Indices
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro- Major European Indices 



