- GBP/JPY is trading flat after hitting high of 150.38 level yesterday. The pair shown a minor dip till 149.88 and is currently trading around 150.43. The minor decline in the pair was mainly due to slight weakness in GBP against all majors after weaker than expected UK PMI data. GBP declined more than 100 pips from yesterday’s high of 1.40970. Market eyes US non-farm payroll data to be released today for further direction. It is currently trading around 150.40.
- The major resistance is around 150.70 (trend line resistance) and any break above targets 150.95/151.50. The major trend reversal only above 150.95.
- On the lower side, near term support is around 149.89 (20- day MA) and any close below will drag the pair till 1470.
It is good to sell on rallies around 150.45-50 with SL around 151 for the TP of 149.40/148.80.


FxWirePro: GBP/NZD retreats slightly but trend is still bullish
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Crypto levels and bias summary
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR edges higher but bearish outlook persists
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 



