The GBP/JPY declined once again after a minor jump above 196. It hit an intraday high of 196.15 and is currently trading around 195.54. Intraday trend is bullish as long as support 194.50 holds.
The GBP/JPY pair is trading above 55 and 200 EMA (Short-term) and above 365 EMA (long-term on the 4-hour chart, confirming a bullish trend. Any violation below 195.35 indicates the intraday trend is weak. A dip to 195/194.50/193.70/193/192.85/192/191.70/191 /190 is possible. Immediate resistance is at 196.50, a breach above this level targets of 198/200. Any major uptrend is possible only above 196.50.
Market Indicators (4- hour)
CCI (50)- Bullish
Directional movement index - Neutral
Trading Strategy: Buy on dips
It Is good to buy on dips around 195 with SL around 194 for a TP of 196.50/198.


FxWirePro:NZD/USD edges lower, bearish outlook persists
FxWirePro- Woodies Pivot(Major)
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD edges lower, downside risk remains
FxWirePro:NZD/USD treads water as Iran uncertainty keeps traders on edge
FxWirePro: USD/CAD remains buoyant, looks to extend gains
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary 



