From 17 17-year high of 211.59, GBPJPY exhibited a little profit-booking. The intraday trend is downward as long as the resistance at 212 remains in place. As of publication, it is trading around 210.34 and has reached an intraday low of 210.29.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 210.41
EMA (1-hour chart)
55-EMA- 210.45
200-EMA- 209.04
365-EMA- 208.16. The pair trades above short (55- EMA) and above long-term moving average(365 EMA and below 200 EMA).
Major Support- 210. Any breach below will drag the pair down 209.70/209/208.60/207.95/207.20/206.75.
Major resistance - 211.55. Any break above confirms minor bullishness, a jump to 212/212.60 is possible.
Indicator (4-hour chart)
CCI (50)- bearish
Average directional movement Index- Neutral. All indicators confirm a mixed trend.
It is good to sell on rallies around 210.78-80 with SL around 211.60 for a TP of 208.


FxWirePro:NZD/USD lingers near strong support as risk aversion dominates early trade
FxWirePro: EUR/NZD loses momentum but bullish setup remains
FxWirePro- Major European Indices
Bitcoin on Edge: Geopolitical Tensions Weigh on BTC as Bulls Eye the USD 64,000 "Buy the Dip" Zone
Bitcoin’s High-Stakes Volatility: BTCUSD Navigates Geopolitical Storms
FxWirePro- Woodies Pivot(Major)
FxWirePro: NZD/USD slides further as outlook continues to deteriorate
Sterling Slide: GBPJPY Breaks Critical Support as Bears Take Control
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY slips as Japan intervention risk boosts Yen
Ethereum Reclaims $2,000 Handle: ETHUSD Stabilizes as Bulls Eye a Recovery
FxWirePro: EUR/USD slips as Iran conflict fuels inflation fears 



