GBPJPY continues to trade weak for a fourth consecutive week and lost more than 1000 pips on the weak pound sterling. It showed a minor pullback from a 2-year low of 1.2155 against the US dollar on short covering. The policy divergence between the US fed and BOE and Brexit pessimism putting pressure on the Pound sterling. Any breach below 1.2150 confirms the further bearish trend. GBPJPY hits an intraday high of 159.23 and is currently trading around 157.90.
USDJPY
USDJPY pared most of its gains on declining US bond yields. The intraday bearishness is only below 128.50.
Technicals:
On the lower side, immediate support is around 157, breach below will drag the pair to the next level to 155.80/155/154. The minor resistance to be watched is around 158.50, a break above that level confirms intraday bullishness, and a jump to 160/162 is possible.
It is good to sell on rallies around 158.45-50 with SL around 160 for the TP of 154.


FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY hovers near a four-decade low
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/ZAR retreats slightly but bias is bullish
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro: USD/CNY edges higher but bulls lack punch
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 



