GBP/JPY declined slightly due to profit booking. It hits an high of 191.72 yesterday and is currently trading around 191.07. Intraday trend is bullish as long as support 190 holds.
The GBP/JPY pair is trading above 34 and 55 EMA (Short-term) and 200 EMA (long-term on the 4-hour chart, confirming a bullish trend. Immediate resistance is at 191.20,a breach above this level targets of 191.75/192.30/193. Downside support is at 190 with additional levels a 189.46/188/187.46/187.10/186.45.
Market Indicators
CCI (50)- Bullish
Directional movement index - Bullish
Trading Strategy: Buy on dips
It Is good to buy on dips around 190 with SL around 189 for a TP of 192.


Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
FxWirePro: GBP/AUD falls after BoE rate hold
FxWirePro: USD/CAD neutral in the near term, scope for further upside
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
JPY Major Currency Score
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens 



