Ichimoku Analysis (Hourly Chart)
Tenken-Sen- 149.77
Kijun-Sen- 149.61
GBPJPY continues to trade higher for the past six weeks and surged more than 900 pips on the strong pound sterling. GBPUSD is holding above1.4100 in the UK easing lockdown restrictions and vaccine rollout. UK Chancellor is expected to give budget which will be a boom to the economy also supporting pound. USDJPY is struggling to close above 106 level, major bullishness only above 106.40. The intraday trend of GBPJPY is bullish as long as 149.20 holds.
Technical:
The pair is facing significant resistance at 150.10, a jump till 151.20/154.50 possible. On the lower side, near-term support is around 149.20. An indicative break below will drag the pair down to 148.40/147.80. Significant trend reversal only below 144. A violation below will drag the pair to 142.80.
Indicator (Hourly chart)
CAM indicator –Bearish
Directional movement index – Bearish
It is good to buy on dips around 149.25-30 with SL around 148.20 for the TP of 151.50.


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption 



