GBPJPY is trading weak and has lost more than 150 pips of 149.40. The decline was mainly due to broad based dollar buying. The pair hits intraday low of 147.71. It is currently trading around 147.82.
The pair has shown a minor decline below trend line support and any hourly close below 147.80 confirms further weakness. Any close below 147.80 targets 147.50/146.95.
On the higher side, near term resistance is around 148.35 (200- H MA) and any break above targets 149/149.40/150.
It is good to sell on rallies around 148.15-20 with SL around 149.30 for the TP of 145.


DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD firms after upbeat consumer spending data
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
FxWirePro- Major Crypto levels and bias summary
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red 



