GBPJPY trades flat after hitting a fresh year high. The intraday trend is bullish as long as the support at 199.55 holds. Currently, trading around 200.04, the pair reached an intraday high of 200.12.
The pair is trading above 55 and 200 EMA and 365 EMA (long-term) on the 4-hour chart, confirming a bullish trend. Any violation below 199.50 indicates the intraday trend is weak. A dip to 199.20/198.75 /198/197.85/197.25/ 196.70/196.20/195 is possible. Immediate resistance is at 200.50; a breach above this level targets 202/203.
Market Indicators ( 4-hour chart)
CCI (50)- Bullish
Directional movement index - Neutral
Trading Strategy: Buy
It is good to buy on dips around 199.88-90 with SL around 199.35 for a TP of 202/203.


Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
FxWirePro- Woodies Pivot(Major)
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD force is with bears as pair hits low since June 11th
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro: USD/JPY dips below lower range, bearish bias increases
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/CAD tumbles as strong Canadian jobs data fuels BoC rate-hike bets
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next 



