Major Support- 136.50
Major resistance- 138.45 (20-day MA)
GBPJPY is in still in consolidation mode and intraday trend is neutral. The pair is trading between 138.32 and 136.55 for past 10 trading days. It has jumped till 137.78 yesterday but no follow through buying due to political risks in UK putting pressure on GBP against all major.
The pound sterling is trading weak against all major especially against USD. It has formed a minor bottom around 1.2650 and any violation below this level confirms further weakness and a dip till 1.2550 is possible.
On the lower side, support is around 136.50 low made on Jun 4th and further downside can be seen only below this level. Any break below targets 135.80/134.58.
The downtrend from year high 148.87 (Mar 14th 2019) is still in progress as long as resistance 138.45 (20 day MA) holds. The break of 138.45 will take the pair till 139.44 (23.6% fib)/140.20 (61.8% fib).
It is good to sell on rallies around 1375.80 with SL around 138.45 for the TP of 136.55/135.80.


NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro- Major Crypto levels and bias summary
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro- Major Pair levels and bias summary
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth 



