GBPJPY gained above 202.50 on the weak yen. Intraday trend remains bullish as long as support 201.30 holds. Trading around 202.38 right now, the pair reached an intraday high of 202.82.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 202.81
EMA (1-hour chart)
55-EMA- 202.19
200-EMA- 202.20
365-EMA- 201.82. The pair trades above the short and above the long-term moving average.
Major Support- 202.20. Any breach below will drag the pair down to 201.80/201.30/200.50/200/199.30/198.34/197.40.
Major resistance - 203.15. Any break above confirms minor bullishness; a jump to 203.55/204.20/205/205.35/206 is possible.
Indicator (1-hour chart)
CCI (50)- Bullish
Average directional movement Index- Neutral. All indicators confirm a bearish trend.
It is good to buy on dips around 202.48-50 with SL around 201.30 for TP of 205/206.


FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
NZDJPY Faces Downward Pressure as 95.40 Resistance Holds Firm
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
AUD/JPY: Bullish Momentum Continues in JPY Major Pairs
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: EUR/ AUD gains slightly but remains on bearish path
FxWirePro- Major Crypto levels and bias summary
Bitcoin Dips Before the Flip: Whales Load Up $3B as $80K Rebound Looms
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro- Major Crypto levels and bias summary
AUDJPY Surges to One-Month High on Australian Dollar Strength
AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness
FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Pair Currency Score (AUDUSD Bullish) 



