The GBPJPY is pulling back a bit as the pound gets stronger. If it stays above 210, the trend for today is still up. Right now, it's trading around 211.89, and it dipped to 210.71 earlier today.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 211.89
EMA ( chart)
55-EMA- 212.06
200-EMA- 209.86
365-EMA- 207.69 The pair trades below the short (55- EMA) and above long term moving average, 200 EMA, and above the 365 EMA.
Major Support- 210.70. Any breach below will drag the pair down to 210/209.70/209/208.60/207.95/207.20/206.75.
Major resistance - 212 Any break above confirms minor bullishness, a jump to 212.80/213.44/214/214.29/215.18 is possible.
Indicator (4-hour chart)
CCI (50)- Bearish
Average directional movement Index- Neutral. All indicators confirm a mixed trend.
It is good to buy on dips around 211 with SL around 210 for a TP of 214.


Aussie Ascent: AUDJPY Bulls Target 115.00 Following Broad-Based AUD Buying
FxWirePro: GBP/USD dips after US CPI data, key support level in focus
FxWirePro: USD/CNY recovers slightly from early decline but bears are not done yet
FxWirePro- Major European Indices
Euro's Ascent: EURJPY Bulls Eye 186.00 as Yen Weakness Persists
AUDJPY Bullish Momentum Pauses: Profit Booking Offers Fresh Entry Window Near 112.50
FxWirePro: USD/JPY edges up, remains on front foot
Sterling Surge: GBPJPY Eyes 214.00 as Yen Weakness Fuels Five-Day Rally
Pound Under Pressure: GBPJPY Pauses Five-Day Rally for Tactical Profit Booking
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ NZD stays range-bound but maintains bearish bias
FxWirePro: EUR/AUD falls below 1.6200 level, plunge to test a key fibo grows
FxWirePro: AUD/USD softens slightly, but remains bid overall
FxWirePro: GBP/USD drops towards 1.3350 level, heads deeper into bear territory 



