GBPJPY pared most of its gains on the strong yen. The intraday trend remains bearish as long as the resistance level of 202 holds. Trading around 201 right now, the pair reached an intraday high of 201.03.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 201.02
EMA (1-hour chart)
55-EMA- 202.22
200-EMA- 202.24
365-EMA- 201.72. The pair trades above the short and the long-term moving average.
Major Support- 200.50. Any breach below will drag the pair down to 200/199.30/198.34/197.40.
Major resistance - 201.78. Any break above confirms minor bullishness, a jump to 202.45/203/203.55/204.20/205/205.35/206 is possible.
Indicator (1 hour chart)
CCI (50)- Bearish
Average directional movement Index- Bearish. All indicators confirm a bearish trend.
It is good to sell on rallies around 201.78-80 with SL around 203 for TP of 198.35/198.


GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro: NZD/USD sustains gains as uptrend remains strong
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro- Woodies Pivot(Major)
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
FxWirePro- Major European Indices
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
FxWirePro- Major US Indices 



