- GBP/JPY declined more than 200 pips yesterday on account sudden jump in Yen due to increase of safe haven demand. Yen jumped yesterday after US President imposes trade tariff for 100 products on China. The pair hits low of 147.69 and is currently trading around 148.02.
- The Bank of England has voted 7-2 to leave interest rates unchanged at 0.5%. The members were positive over the economic outlook and wage growth also in line with expectations. Market already priced the chance of 25bpbs rate hike in May.
- The major resistance is around 148.01 (20- day MA) and any break above targets 149/149.69 (55- day MA)/150.20/150.65. The major trend reversal only above 150.95.
- On the lower side, near term support is around 147.50 and any close below will drag the pair till 146.95/146.40.
It is good to sell on rallies around 148.55-60 with SL around 149.65 for the TP of 146/145.


FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR extends decline, scope for further downside 



