Ichimoku analysis (hourly chart)
Tenken-Sen -127.13
Kijun-Sen - 127.18
GBPJPY has shown a minor recovery of nearly 100 pips from low of 126.54. The overall trend is still bearish as long as 128.90 (200-H MA) holds. GBPUSD lost more than 200 pips this month from high of 1.224955.
USDJPY trades lower and has broken major resistance at 105.25. The break below 104.60 confirms further weakness.
On the flip side, major support is around 126.50 and any violation below will drag the pair till 126/125.
The near term resistance is around 127.53 (55- H EMA) and any break above will take the pair till 128.05/128.85.
It is good to sell on rallies around 127.55-60 with SL around 128.05 for the TP of 126/125.


FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro- Major Crypto levels and bias summary
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro: GBP/USD stuck in range but maintains bearish bias
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High 



