GBPJPY pared most of its gains as the yen gained momentum. Intraday trend is bearish as long as the resistance at 203 holds. It hits an intraday low of 201.45 and is currently trading around 201.48.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 201.504
EMA (1-hour chart)
55-EMA- 202.41
200-EMA- 201.51
365-EMA- 201.41. The pair trades below the short and above long long-term moving average.
Major Support- 201.30. Any breach below will drag the pair down 200.50/200/199.30/198.34/197.40.
Major resistance - 202. Any break above confirms minor bullishness; a jump to 202.80/203.30/204/204.25/205 is possible.
Indicator (4-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 202.50 for a TP of 200.


FxWirePro: AUD/USD downside pressure builds, key support level in focus
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro: USD/JPY edges up, looks to extend gains
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/ NZD stuck in range but maintains bullish bias
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD edges lower, downside risk remains
NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
FxWirePro: USD/CNY edges up as yuan weakens on firmer dollar
FxWirePro:NZD/USD edges lower, bearish outlook persists 



