- Major intraday resistance -129.16 (34 day EMA)
- Major support – 126.40 (trend line joining 125.91 and 126.12).
- GBP/JPY has broken major resistance 129.15 (34- day EMA) and jumped till 130.23 at the time of writing. It is currently trading around 129.87.
- Any close above 34- day EMA confirms minor bullishness . So a jump till 132 can be seen.
- On the lower side, 128.50 (daily Tenken-Sen) will be acting as short term support and any indicative break below 128.50 will drag the pair down till 127.70/126.40 in the short term. The minor support is around 129.
It is good to buy on dips around 129.40-45 with SL around 128.50 for the TP of 132.
Resistance
R1-130.25
R2-131
R3-132
Support
S1-128.50
S2-127.70
S3- 126.40


FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major European Indices
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 



