Ichimoku Analysis (Hourly Chart)
Tenken-Sen- 135.17
Kijun-Sen- 135.45
GBPJPY has shown a sell-off of more than 70 pips during the Asian session on strong yen. USDJPY continues to trade weak for 2nd consecutive week and lost more than 200 pips. The pair has broken significant support 104.18 (Jul 31st, 2020 low) and a dip till 103 is likely. The overall trend of GBPJPY is weak as long as resistance 136.20 holds.
On the hourly chart, the pair is holding well below 55-EMA. It has broken yesterday's low of 134.50 and this confirms further weakness, a dip till 133.98/131.75. It is facing strong resistance at 135.35, any violation above that level targets 136.20/137/138.
It is good to sell on rallies around 13with SL around 137 for the TP of 133.98.


FxWirePro: GBP/AUD gains some upside momentum but still bearish
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: USD/CAD slips after Fed holds rates steady
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: USD/ CNY remains soft ahead of Fed decision 



