Harmonic pattern- Bullish Gartley Pattern
Potential Reversal Zone (PRZ)- 136
As per our analysis GBP/JPY has shown a huge recovery of more than 150 pips after taking support near 140level. Intraday trend is slightly bullish and a jump till 143 is possible. The main reason for jump is due to short covering. The pair was trading weak for past 7 trading session and lost more than 700 pips on account of weak Pound sterling. GBP has shown a good jump of more than 70 pips from the low of 1.27229. GBPJPY hits high of 141.97 and is currently trading around 141.50.
On the higher side, near term resistance is around 142.47 (23.6% fib) and any break above will take the pair to next level till 143/143.60 (7- day MA)/144.43 (10- day MA).
The near term support is around 140 and any break below targets 138/136.
It is good to buy on dips around 141.50-55 with SL around 141 for the TP of 143/143.60.
Resistance
R1- 142.50
R2 - 143
R3- 143.60
Support
S1- 140
S2- 138
S3- 136


NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro- Major Pair levels and bias summary
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
FxWirePro: AUD/USD firms after upbeat consumer spending data
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Crypto levels and bias summary
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand 



