GBPJPY has been consolidating in a narrow range between 211.59 and 210.04 for the past 7 days. As long as support 210 holds, the intraday trend is bullish. It is trading around 210.717, as of publication, and has reached an intraday high of 211.09.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 210.725
EMA (4-hour chart)
55-EMA- 209.98
200-EMA- 207.35
365-EMA- 205.40. The pair trades above the short (55- EMA) and long-term moving average(365 EMA and below 200 EMA).
Major Support- 210. Any breach below will drag the pair down 209.70/209/208.60/207.95/207.20/206.75.
Major resistance - 211.60. Any break above confirms minor bullishness, a jump to 212/212.60/213 is possible.
Indicator (4-hour chart)
CCI (50)- Bullish
Average directional movement Index- Neutral. All indicators confirm a neutral trend.
It is good to buy on dips around 210 with SL around 209 for a TP of 212..


FxWirePro: EUR/ NZD stays range-bound but maintains bearish bias
FxWirePro: USD/CNY recovers slightly from early decline but bears are not done yet
FxWirePro: GBP/AUD under pressure , knocking on door of key support
Euro's Ascent: EURJPY Bulls Eye 186.00 as Yen Weakness Persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
Bitcoin’s Tug-of-War: Institutional Inflows Battle Technical Resistance at USD 72,500
FxWirePro: EUR/AUD falls below 1.6200 level, plunge to test a key fibo grows
FxWirePro: USD/JPY edges up, remains on front foot
FxWirePro: GBP/USD dips after US CPI data, key support level in focus
FxWirePro- Major European Indices
AUDJPY Bullish Momentum Pauses: Profit Booking Offers Fresh Entry Window Near 112.50
FxWirePro: USD/ZAR rebounds strongly, upside pressure builds
Sterling Surge: GBPJPY Eyes 214.00 as Yen Weakness Fuels Five-Day Rally
FxWirePro: USD/ZAR uptrend resumes rise toward key fibo
FxWirePro: GBP/USD drops towards 1.3350 level, heads deeper into bear territory
FxWirePro -Major European Indices 



