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AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark 
GBPJPY is trading weak ahead of BOE monetary policy report hearings. It hit an intraday low of 192.73 and is currently trading around 193.09.
The GBP/JPY pair is trading below 55 and 200 EMA (Short-term) and above 365 EMA (long-term on the 1-hour chart, confirming a bearish trend. Any violation below 192.70 indicates the intraday trend is weak. A dip to 192/191.70/191 /190 is possible. Immediate resistance is at 193.40, a breach above this level targets of 193.85/194.20/194.60/195/196.50/.
Market Indicators (1- hour)
CCI (50)- Bearish
Directional movement index - Bearish
Trading Strategy: Sell on rallies
It Is good to sell on rallies around 193.40-45 with SL around 194 for a TP of 191.
