GBPJPY gained above the 206 level on the back of the Pound sterling buying. Intraday trend is bullish as long as support 205 holds. At the time of writing, it reached a low of 206.37 and is now trading about 206.614.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 206.45
EMA (one-hour chart)
55-EMA- 205.67
200-EMA- 203.88
365-EMA- 202.57. The pair trades above the short (55- EMA) and long-term moving average(365 EMA and below 200 EMA).
Major Support- 205.60. Any breach below will drag the pair down 205/204.40/203.70/203.
Major resistance - 206.50. Any break above confirms minor bullishness; a jump to 207/207.25/208/209.20/210 is possible.
Indicator (4-hour chart)
CCI (50)- bullish
Average directional movement Index- Neutral. All indicators confirm a neutral trend.
It is good to buy on dips around 206 with SL around 205 for a TP of 208.


FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro- Woodies pivot (Major)
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary 



