GBPJPY Intra day trade idea (US session)

Intraday bias - Weak

Technicals-

The pair is trading below 34- and 55 EMA in the hourly chart.

The near-term resistance is around 190.90, a breach above targets 191.20/191.65/192.10. The immediate support is at 189.70, any violation below will drag the pair to 189/188.25.

Indicator (hourly chart)

CCI (14)-  Bearish

CCI (50)- Bearish

Average directional movement Index - neutral. All indicators confirm the mixed trend.

It is good to sell on rallies around 190.98-191 with SL around 191.65 for a TP of 188.40.