- Major trend reversal - close above 186.25 (200 day MA)
- GBP/JPY has made a high of 186.35 and started to decline from that level. Overall trend is weak as long as GBP/JPY stays below 186.25.
- On the lower side it has broken major support 185 (50 day MA) and break below confirms minor trend reversal a decline till 183.97/183 is possible.
- The pair's major resistance is around 185.50 and break above targets 185.90/186.30.
It is good to sell on rallies around 185.15-20 with SL around 186.25 for the TP of 183.97/183
R1-185.50
R2-185.80
R3-186.25
Support
S1- 185
S2-183.95
S3-183


Aussie Strength Prevails: AUD/JPY Targets Multi-Year Highs as Bullish Momentum Builds
Ethereum Technical Outlook: ETH Braces for Support as Bulls Eye the USD 2,200 Buy Zone
FxWirePro: USD/CNY hovers near three-year low, scope for further downside
FxWirePro: USD/CNY hits fresh three-year low, scope for further downside
FxWirePro- Major Pair levels and bias summary
CADJPY Outlook: Loonie Limps as Dismal Jobs Data Fuels BoC Rate Cut Bets
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro: GBP/AUD edged higher but bearish outlook remains
FxWirePro: GBP/AUD edged higher, set to stay on back foot
FxWirePro= Major European Indices
FxWirePro: USD/CAD gains some momentum as weak Canadian jobs data weighs on loonie
Bitcoin Targets USD 90,000: Bullish Sentiment Solidifies as Realized Profits Surge
FxWirePro: AUD/USD soften slightly but trend is still bullish
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: NZD/USD loses momentum but bullish setup remains
AUDJPY Relief Rally: A Golden Opportunity for the Bears? 



