GBP/JPY is trading weak and lost more than 200 pips from yesterday’s high of 147.58. Short term trend is weak as long as resistance 148 holds. It is currently trading around 145.82.
The pair has closed below 200 day MA yesterday and also broken low of 145.81 made on Oct 18th 2018. This confirms minor weakness , a decline till 145.79/143.45.
On the higher side, major resistance is around 146.49-56 (89- day EMA and 55- day EMA) and break above targets 147.58/148.
GBP has once again taken support near 1.29200 and shown a 100 pips jump. Overall trend is still bearish on Brexit uncertainty.
It is good to sell on rallies around 146.55-60 with SL around 147.55 for the TP of 143.50.


DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth 



