Ichimoku Analysis (Hourly Chart)
Tenken-Sen- 148.65
Kijun-Sen- 149.82
GBPJPY recovered more than 100 pips from a low of 148.11. The jump mainly due to a slight recovery in the Pound sterling. GBPUSD surged sharply from minor bottom 1.38589 till 1.39980. Markets eyes UK annual budget for further direction. USDJPY hits a 25-month high and holding well above 200- day MA. The intraday trend of GBPJPY is bearish as long as resistance 150.50 holds.
Technical:
The pair is facing significant resistance at 149.30, a jump to 150.50 likely. Significant trend continuation only above 150.50. A jump 151.50/153. On the lower side, near-term support is around 148. An indicative break below will drag the pair down to 147.40 /146.40/145.85. Significant trend reversal only below 144. A violation below will drag the pair to 142.80.
Indicator (Daily chart)
CAM indicator –Bearish
Directional movement index – Neutral
It is good to sell on rallies around 148.75-80 with SL around 149.30 for the TP of 147.


EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro- Major Crypto levels and bias summary
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: AUD/USD softens as risk appetite abates 



