Ichimoku Analysis (Daily Chart)
Tenken-Sen- 151.01
Kijun-Sen- 151.03
GBPJPY has broken significant resistance 150.70 after a long consolidation. The jump was mainly to surge in pound sterling on minor weakness in US dollar. GBPUSD jumped more than 80 pips on a slight decline in US bond yield. USDJPY is facing strong resistance at 109.05; any jump above confirms trend continuation. The short-term trend of GBPJPY is bullish as long as support 149.40 holds.
Technical:
The pair is trading well above 150 levels, any close above 151.20 confirms further bullishness. A jump to 152.70/154 is possible. On the lower side, near-term support is around 150.30. An indicative break below will drag the pair down to 150/149.76/149.40. Significant trend reversal only below 147.40.
Indicator (15 min chart)
CAM indicator –Neutral
Directional movement index –Neutral
It is good to buy on dips around 150.50 with SL around 149.40 for the TP of 153.


FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: USD/CAD dips below lower range, bearish bias increases
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed 



