Ichimoku Analysis (1-Hour Chart)
Tenken-Sen- 155
Kijun-Sen- 154.83
GBPJPY has formed a double bottom around 154.50 and shown a minor pullback. The short-term trend is still on the downside as long as resistance 156.10 holds. The pound sterling is trading flat against the USD. Market eyes UK-EU final negations regarding Northern Ireland. Any daily close above 1.4200 will take the pair to next level 1.4250. USDJPY trades in a narrow range between 109.20-109.60 for the past two days.
Technical:
The pair's near-term resistance around 155.30, any break above confirms intraday bullishness. A jump till 155.82/156.10/156.60 is possible. On the lower side, near-term support is around 154.50. Any indicative violation below that level will drag the pair down to 154.35/153.75/153. Significant trend reversal only if it breaks below 153.
Ichimoku Analysis- The pair is trading below hourly Kijun-Sen and Tenken-Sen.
Indicator (1-Hour chart)
RSI- Bearish
Directional movement index –Bearish
It is good to buy on dips around 155.05-10 with SL around 154.50 for a TP of 156.10.


Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: USD/CAD slips as oil rally boosts loonie
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro- Major Pair levels and bias summary
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major US Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
ETHUSD Dip: Prime Buy Zone to $3600 Targets 



