GBPJPY is struggling to close above 200 for the third time in the past 3 weeks. The pair hits an intraday high of 199.91 and is currently trading around 199.671.
The pair is trading above the 55 and 200 EMA, as well as the 365 EMA (long-term), on the 4-hour chart, confirming a bullish trend. Any violation below 199.40 indicates the intraday trend is weak. A dip to 198.75/198/197.85/197.25/196.70/196.20/195 is possible. Immediate resistance is at 200, a breach above this level targets 200.35/202.
Market Indicators ( 4-hour chart)
CCI (50)- Bullish
Directional movement index - Neutral
Trading Strategy: Buy
It is good to buy on dips around 199.28-30 with SL around 198.60 for a TP of 202.


FxWirePro: GBP/USD gains some upside momentum but still bearish
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro: AUD/USD gains some ground but remains sensitive to Middle East tensions
NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war 



