Ichimoku Analysis (Hourly Chart)
Tenken-Sen- 150.92
Kijun-Sen- 150.96
Previous week high – 153.45
GBPJPY took support near the trend line and shown a minor pullback. The weakness in the Japanese yen is supporting the pair at lower levels. The intraday trend of GBPJPY is bearish as long as resistance 151.55 holds.
USDJPY- Analysis
Holding above 110 levels. Major resistance to be watched 110.80. Significant support is around 109.
GBPUSD- Bearish
The pair is trading below 1.3700, a dip till 1.3600 possible.
Technical:
The pair's immediate resistance is around 151, any jump above targets 151.55/152/152.50. Significant bullish continuation if it breaks 153.50. On the lower side, near-term support is around 150. Any indicative violation below targets 149/148/147.40.
Ichimoku Analysis- The pair is trading below Kijun-Sen and Tenken-Sen.
Indicator (Hourly chart)
CAM indicator-Bearish
Directional movement index –Bearish
It is good to sell on rallies around 151 with SL around 151.55 for a TP of 149.
