The GBP/JPY trades flat amid mixed UK jobs data. It hit an intraday high of 199.45 and is currently trading around 199.37. The intraday trend remains bullish as long as the resistance at 198.55 is maintained.
‘The GBP/JPY pair is trading above 55 and 200 EMA (Short-term) and 365 EMA (long-term) on the 4-hour chart, confirming a bullish trend. Any violation below 198.55 indicates the intraday trend is weak. A dip to 197.75/196.70/196.20/195/194/193/191.95/190 is possible. Immediate resistance is at 199.60; a breach above this level targets 200/202.
Market Indicators ( 4-hour chart)
CCI (50)- Bullish
Directional movement index - Bullish
Trading Strategy: Buy
It Is good to buy on dips around 198.90-95 with SL around 198 for a TP of 202.


NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs
FxWirePro: GBP/USD under pressure despite UK's modest economic growth
FxWirePro: NZD/USD trades in narrow range ,outlook bullish
FxWirePro: GBP/NZD gains some upside momentum but still bearish
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral
FxWirePro- Major Pair levels and bias summary
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/NZD dips below lower range, bearish bias increases
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
ETH Stands Alone Bullish; BTC, SOL, XRP, BNB Neutral
AUDJPY Bullish Momentum Ignites: Buy Dips Toward 115 Target
FxWirePro: AUD/ USD eases as risk sentiment remains fragile
JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground 



