- GBP/JPY shown a minor decline after forming a top around 146.66 yesterday. The pair dipped till 145.65 and once gain recovered sharply from that level.
- The JPY is trading weak against all major as risk appetite eases after Macron victory in French elections. GBP/JPY downside capped by 7- day MA and any minor weakness can be seen below 144.78 (resistance turned into support. Any close below that level will drag the pair down till 144 (23.6% retracement of 135.95 and 146.66).
- On the higher side, near term resistance is around 147.30 and any break above will take the pair till 148.45 (Dec 15th 2016 high)/152.35 (38.2% retracement of 195.88 and 124.78).
It is good to buy on dips around 146.65-70 with SL around 145.50 for the TP of 148.45/150.
Resistance
R1-147.30
R2 -148.45
R3- 150
Support
S1-144
S2-142
S3- 140


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Woodies Pivot(Major)
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR edges higher but bearish outlook persists
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major Crypto levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD moves lower on weak UK data 



