- GBP/JPY is trading range bound between 144.20 and 145.30 for the past four trading session. The pair lost almost 700 pips from the minor top formed at 150 on account of increasing geo political uncertainty especially in Italy. The political uncertainty in Italy as Italy populist government formed. The 5- star movement and Eurosceptic League agreed to form coalition government with Law professor Giuseppe Conte as PM and Trai as economy minister. US dollar was trading weak against all majors as political turmoil got solved. GBP hits high of 1.33480 and shown a minor selling from that level. USD/JPY has shown a good recovery of almost more than 100 pips from low of 108.12 (100- day MA) and is currently trading around 109.17. GBPJPY is currently trading around 145.25
The pair is facing strong resistance at 145 and any convincing break above will take the pair to next level till 146.18 (365- day MA)/146.66/147.The minor resistance is around 147.82.
- On the lower side, near term major support is around 143 and any convincing break below will drag the pair to next level till 140.
It is good to buy on dips around 144.75-80 with SL around 144.25 for the TP of 147.


FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major US Indices
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention 



