Ichimoku Analysis (4-Hour Chart)
Tenken-Sen- 152.89
Kijun-Sen- 152.63
GBPJPY surged more than 150 pips yesterday on the strong Pound sterling. GBPUSD is holding well above 1.4000 on UK local election results and easing of lockdown due to zero deaths in the UK. The pair hits a high of 1.41584 and shown a minor profit booking. Markets eye Bank of England Bailey speech for further direction. USDJPY is trading above 200-W MA and any violation above 109.07 confirms intraday bullishness. The intraday trend of GBPJPY is bullish as long support 153.40 holds.
Technical:
The pair's near-term resistance around 154, any break above will take the pair to next level till 154.40/155/156. On the lower side, near-term support is around 153.40. Any indicative violation below that level will drag the pair down to 152.80/152.30/152. Significant trend reversal only if it breaks below 147.40.
Ichimoku Analysis- The pair is trading above 4-hour Kijun-Sen and below Tenken-Sen, cloud.
Indicator (4-Hour chart)
CAM indicator –bullish
Directional movement index –Bullish
It is good to buy on dips around 153.25-30 with SL around 152.80 for a TP of 155.


FxWirePro- Woodies pivot (Major)
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro- Major European Indices
FxWirePro: GBP/USD falls to two-day low, scope for further downside
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
FxWirePro USD/CAD steadies around 1.3910,retains bid tone 



