NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty 
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data 
FxWirePro- Woodies Pivot (Major) 
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path 
FxWirePro: GBP/AUD edges higher but maintains bearish bias 
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90 
FxWirePro: USD/CAD loses upside momentum but outlook is bullish 
FxWirePro: EUR/AUD downside pressure builds, key support level in focus 
FxWirePro- Woodies Pivot (Major) 
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike 
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation 
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340 
Add as a preferred source on Google
GBP/JPY declined sharply on board-based yen buying..It hit a high of 196.41 yesterday and is currently trading around 193.68. 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 hourly 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 (1- hour)
CCI (50)- Bearish
Directional movement index - Bearish
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.
