ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000? 
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 
FxWirePro- Major Crypto levels and bias summary 
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115? 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting 
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100 
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major European Indices 
FxWirePro: GBP/USD steadies ahead key data, BoE event risk 
FxWirePro: USD/CAD pauses decline,critical support lies ahead 
Pattern formed- Three drives pattern (Bullish)
The GBP/JPY was one of the worst performers this week on board-based yen buying. It hit a low of 185.57 at the time of writing and is currently trading around 186.27. Intraday trend is bullish as long as support 185 holds.
The GBP/JPY pair is trading below 34 and 55 EMA (Short-term) and 200 EMA (long-term on the 4-hour chart, confirming a bearish trend. Immediate resistance is at 186.75, a breach above this level targets of 187.15/187.88/189/189.50/190/191/191.75/192.30/193. Downside support is at 185.50 with additional levels a 183/180.
Market Indicators
CCI (50)- Bearish
Directional movement index - Bearish
Trading Strategy: Buy on dips
It Is good to buy on dips around 185 with SL around 183 for a TP of 190.
