GBP/JPY showed a minor pullback as the pound sterling gained strength. It hit an intraday high of 193.75 and is currently trading around 193.52. Intraday trend is bearish as long as resistance 195 holds.
The GBP/JPY pair is trading below 34 and above 55 EMA (Short-term) and 200 EMA (long term on the 1-hour chart, confirming a bearish trend. Immediate resistance is at 194,a breach above this level targets of 194.70/195/196.50. Downside support is at 193.50/193/192.35/191.70.
Market Indicators (4- hour)
CCI (50)- Bearish
Directional movement index - neutral
Trading Strategy: Sell on rallies
It Is good to sell on rallies around 194 with SL around 195 for a TP of 191.70/190.


Gold Loses Steam After Strong U.S. Retail Sales
AUDJPY Bullish Momentum Ignites: Buy Dips Toward 115 Target
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro: AUD/ USD eases as risk sentiment remains fragile
ETH Stands Alone Bullish; BTC, SOL, XRP, BNB Neutral
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD falls to one-month low, scope for further downside
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
GBPJPY Pulls Back on Profit Booking but Bullish Setup Holds: Buy Dips Toward 223
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: EUR/AUD recovers slightly from early decline but bears are not done yet 



