GBPJPY continues to trade lower and lost more than 100 pips from high of 139.65. The continuation of weakness due to ongoing Brexit uncertainty. In UK’s European election Nigel Farage’s Brexit party won 32% of the vote and 29 seats followed by Liberals Democrats 16 seats ,Labor 10 seats and Conservative 4 seats. GBP will be under more pressure if newly elected PM will run for no deal Brexit deal.The chance of GBPUSD reaching 1.2500 remains high. GBPJPY hits intraday low of 138.28 and is currently trading around 138.45.
On the lower side, near term support is around 138 and any violation below will drag the pair to next level till 137.35/136.
The major resistance is at 139.65-70 and any violation above will take the pair till 140.25/141/141.75.
It is good to sell on rallies around 139.25-30 with SL around 140 for TP of 137.


FxWirePro: GBP/NZD range to extend until there is game changing news
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro- Major European Indices
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro- Major Pair levels and bias summary
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro- Woodies Pivot(Major) 



