FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites 
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path 
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation 
FxWirePro: NZD/USD trades in narrow range ,outlook bullish 
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support 
JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground 
FxWirePro- Major Pair levels and bias summary 
FxWirePro:EUR/NZD dips below lower range, bearish bias increases 
JPY Action Bias: Extremely Bullish Surge Ignites Across NZD, GBP & AUD 
FxWirePro- Major Crypto levels and bias summary 
GBPJPY pared most of its gains on the strong yen. Presently trading around 198.875, the pair hit an intraday low of 198.79. The pair gained till 200.51 on Friday but was not able to sustain above 200, which confirms minor weakness.
The pair is trading below 55, 200 EMA, and 365 EMA (long-term) on the 1-hour chart, confirming a bearish trend. Any violation below 198.75 indicates the intraday trend is weak. A dip to 198.30/197.85/197 is possible. Immediate resistance is at 199.20, a breach above this level targets 199.80/200.53/201.26/ 202/203.
Market Indicators ( 1-hour chart)
CCI (50)- Bearish
Directional movement index - Bearish
Trading Strategy: Sell
It is good to sell on rallies around 199.28-30 with SL around 200 for a TP of 197.
