GBPJPY is consolidating after forming a minor bottom at 141.12 level. The pair jumped till 142.55 at the time of writing and is currently trading around 142.50. JPY was trading weak against all majors especially with USD and has broken major resistance 110.16 high made on Feb 4th . GBP was trading weak after release of UK GDP and manufacturing production data. The pair hits low of 142.08 at the time of writing and is currently trading around 142.26.
UK prelim GDP came at 0.2% compared to 0.6 in the third quarter and economy shrank by 0.4% worse than expected. UK manufacturing production m/m came at -0.7% compared to estimate of 0.2%.
Technically the pair is facing strong resistance around 142.60-62 (200- H MA) and any violation above targets 143/143.55.
On the lower side, near term support is around 142 and any break below will drag the pair to next level till 141.70/141.15/140.
It is good to buy above 142.60 with SL around 142 for the TP of 144.15.


Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
FxWirePro: USD/ZAR edges higher, set to stay on back foot
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro- Major Pair levels and bias summary
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200 



