GBPJPY gained above 202.50 on the weak yen. Intraday trend remains bullish as long as support 201.30 holds. Trading around 202.38 right now, the pair reached an intraday high of 202.82.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 202.81
EMA (1-hour chart)
55-EMA- 202.19
200-EMA- 202.20
365-EMA- 201.82. The pair trades above the short and above the long-term moving average.
Major Support- 202.20. Any breach below will drag the pair down to 201.80/201.30/200.50/200/199.30/198.34/197.40.
Major resistance - 203.15. Any break above confirms minor bullishness; a jump to 203.55/204.20/205/205.35/206 is possible.
Indicator (1-hour chart)
CCI (50)- Bullish
Average directional movement Index- Neutral. All indicators confirm a bearish trend.
It is good to buy on dips around 202.48-50 with SL around 201.30 for TP of 205/206.


FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro- Major European Indices
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 



