Intraday Bias -Bearish
GBPJPY formed a double bottom around the 186.50 level, showing a minor pullback due to profit booking. It hit a low of 186.42 yesterday and is currently trading around 187.33.
Yen showing strength against all majors as risk sentiment sours due to the global economic slowdown.
Technicals-
The pair trades in the hourly chart below short-term 34,55 EMA (187.39 and 187.71) and long-term 200 EMA (189.29).
The near-term resistance is around 187.55 (61.8%% fib of 188.13 and 186.51),a breach above targets 188.13 (yesterday high)/188.40/189/189.53.Major trend continuation only above 190. The immediate support is at 186.50, any violation below will drag the pair to 185.86 (1.618% fib)/183.58.
Indicator (1-hour chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index - neutral. All indicators confirms minor bearish trends.
It is good to sell on rallies around 188-188.05 with SL around 188.60 for a TP of 185.90.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD downward momentum remains in place 



