Candlestick Pattern- Shooting Star
GBPJPY pared most of its gains on Japan's political update. It hit a high of 195.97 yesterday and is currently trading around 190.35. Intraday trend is bearish as long as resistance 192.50 holds.
The Japanese yen gained momentum after Ishiba won the contest to become the country’s PM.
Technicals-
The pair is trading below short-term 34, above 55 EMA (192.07 and 189.33), and long-term 200 EMA (172.18) in the weekly chart.
The near-term resistance is around 191.50, a breach above targets 192.07/192.50/193.50. Major trend continuation only above 196. The immediate support is at 190, any violation below will drag the pair to 188.80/188/185.82.
Indicator (Weekly chart)
CCI (50)- Bullish
Average directional movement Index - Neutral. All indicators confirm a bullish trend.
It is good to sell on rallies around 190.58-60 with SL 192.50 for a TP of 186.


Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Major Crypto levels and bias summary
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro- Major Pair levels and bias summary
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: USD/CNY bears maintain upper hand
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Woodies pivot (Major)
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



