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GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206 
- RES 4 :0.8115
- RES 3: 0.8074 (Apr 29th high)
- RES 2: 0.8000 (61.8% retracement of 0.8074 and 0.79028)
- RES 1: 0.7938 (Mar 24th high)
PRICE: 0.78743 @ 12:26 GMT
- SUP 1: 0.7853 (55 day 4HEMA)
- SUP 2: 0.0.7729 (200 day HMA)
- SUP 3: 0.7680 (21st Apr low)
- SUP 4:0.7600
Commentary:
AUD/USD has retreated after making a high of 0.8074 and this confirms that it has formed temporary top around 0.8074, a decline till 0.7730 is possible.
On the minor support is around 0.7840 and weakness can be seen below that level.
Indicator (4 hour)
Woodies CCI (14) - Sell
CCI (50) - Sell
Ichimoku- Sell
It is good to sell on rallies around 0.7890 for the targets of 0.7740 with stop around 0.7940.
