Ichimoku Analysis (4-Hour chart)
Tenken-Sen- 131.65
Kijun-Sen- 132.86
GBPJPY is trading lower for 2nd consecutive days on Pound sterling weakness. The pair has formed a minor top 135.45 on Apr 30th, 2020, and started to decline. It has broken significant support 131.90 yesterday and hits a low of 130.66 levels. It is currently trading around 131.05.
Markets eye BOE policy meeting today for further direction. The central bank is expected to keep rates unchanged at 0.1%.
The near term support for the day stands at 130.50, violation below will take the pair till 129.80/129.
On the higher side, strong resistance is at 132 (support turned into resistance) and jump above targets 132.60/133.18. Minor trend constinuation happens only if it breaks 133.20.
It is good to sell on rallies around 131.95-132 with SL around 132.60 for the TP of 130.70.


FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro- Major Crypto levels and bias summary
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/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117 



