- Major resistance – 132.50 (7 day EMA).
- The pair has erased gains sharply after making a high of 132.50 yesterday. It is currently trading around 130.95.
- GBP/JPY breaks major support 132 and declined till 130.36.
- Yen continues to surge against all major pairs as weakness in global equity markets has supportive for safe haven appeal.
- In the hourly chart GBP/JPY is trading slightly below Kijun-Sen (131.45). So it should break above 131.50 for further bullishness.
- On the higher side, the pair should break above 132.50 (7 day EMA) for further bullishness. Any break above 132.50 will take the pair till 133.25/133.80/134.05/135.25.
- It must break above 140 for the short-term trend reversal. The support is around 132 and any break below will drag the pair till 130/128.60 (Jul 6th low).
It is good to sell on rallies around 132.35 with SL around 133.35 for the TP of 130/128.65
Resistance
R1- 132.50
R2-133.25
R3-134.05
Support
S1-130
S2-128.60
S3-127


GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut 



