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FxWirePro- Major Crypto levels and bias summary 
- Major resistance – 131.92 (7 day EMA).
- The pair has broken major pschycological support 130 and declined till 129.53at the time of writing.It is currently trading around 129.61.
- Yen continues to surge against all major pairs as weakness in global equity markets has supportive for safe haven appeal.
- Market awaits UK consumer price inflation and US CPI to be released today for further movement.
- In the daily chart GBP/JPY is trading well below 7 – day EMA. So a decline till 128.60/126.69 (1.13% of 128.60 and 143.23) is possible.
- On the higher side, the pair should break above 132 (7 day EMA) for further bullishness. Any break above 132 will take the pair till 132.80/133.25/134.The minor resistance is around 130/130.92 (5 DMA).
- 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 130.80-90 with SL around 132 for the TP of 128.65/126.69
