FxWirePro- GBPJPY Daily Outlook

Ichimoku Analysis (1-Hour Chart)

Tenken-Sen- 151.98

 Kijun-Sen- 152.02

Major Intraday resistance -152.30

Intraday support- 151.75

GBPJPY has formed triple bottom around 151.75 and shown a minor pullback above 152. The Pound sterling ignored the extension of Northern Ireland for the third time and holding below 1.850 against USD. The cable should cross above 1.3900 for further direction. The intraday trend of GBPJPY is bullish as long as support 151 holds.

USDJPY- Analysis

The pair is struggling to break above 110 levels despite a jump in US treasury yield. Significant resistance is around 110.40.

Technical:

The pair's immediate resistance is around 152.50, any surge above targets 153/153.50. Significant bullish continuation if it breaks 153.50. On the lower side, near-term support is around 151.70. Any indicative violation below targets 151.30/151/150.45/149/148.45.

 Ichimoku Analysis- The pair is trading above 1- hour Kijun-Sen and below Tenken-Sen

 Indicator (Hourly chart)

CAM indicator- Slightly Bullish

Directional movement index –Bearish

It is good to buy on dips around 152 with SL around 151.30 for a TP of 153.50.