GBPJPY upside capped by 55- H EMA and showed a minor sell-off on strong yen.
Intraday bias -Bearish
Technicals-
The pair trades below 34- and 55 EMA in the hourly chart. The resumption of a major downtrend will happen if it breaks below 186.40.
The near-term resistance is around 188.20, a breach above targets 189/189.50/190. The immediate support is at 188, any violation below will drag the pair to 187/186.40/186.
Indicator (hourly chart)
CCI (14)- Bullish
CCI (50)- Bearish
Average directional movement Index - neutral. All indicators confirm mixed trend.
It is good to buy on dips around 187.75-80 with SL around 188.40 for a TP of 186.


FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD recovers some ground but bears are not done yet
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



