- GBP/JPY declined sharply almost 200 pips yesterday on account weak GBP. Pound sterling was trading weak against all majors yesterday after weaker than expected UK retail sales data. UK retail sales dropped -1.2% mom in Mar compared to forecast of -0.6%and annual rate increased 1.1% yoy slightly below expectations of -0.4%.
- The pair declined almost 60 pips from the intraday high of 151.699 till 151 and is currently trading around 151.05.
- The major resistance is around 152 (10- day MA) and any convincing break above targets 152.80/153.85.
- On the lower side, near term support is around 150.73 (20- day MA) and any close below will drag the pair till 150/149.39 (50% fibo).
It is good to sell on rallies around 151.45-50 with SL around 152 for the TP of 150.50/149.40..


FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges higher but bearish outlook persists
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Major Crypto levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 



