GBP/JPY pared most of its gains as pound sterling weakens. It hits an high of 193.76 and is currently trading around 191.64 Intraday trend is bullish as long as support 190.95 holds.
The GBP/JPY pair is trading above 34 and 55 EMA (Short-term) and 200 EMA (long term on the 4-hour chart, confirms a bullish trend. Immediate resistance is at 192,a breach above this level targets of 192.65/193/ 194/195. Downside support is at 191.50/190.95/190.40/190.
Market Indicators
CCI (50)- Bullish
Directional movement index - Neutral
Trading Strategy: Buy on dips
It Is good to buy on dips around 191.67 with SL around 190.40 for a TP of 195.


FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD edges higher but bearish outlook persists
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD edges lower, downside risk remains
FxWirePro: USD/JPY edges up, looks to extend gains
FxWirePro: USD/CNY edges up as yuan weakens on firmer dollar
FxWirePro: USD/CAD remains buoyant, looks to extend gains
FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
FxWirePro: GBP/AUD idles around 1.9230 as market awaits fresh catalysts
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
NZD/JPY Technical Outlook: Bearish Momentum Gains as Resistance Holds 



