Ichimoku Analysis (Hourly chart)
Tenken-Sen- 128.19
Kijun-Sen- 127.56
GBPJPY has formed almost a double bottom around 126.54-60 and jumped more than 200 pips. The jump was mainly due to the jump in GBP especially against USD. GBPUSD rose more than 150 pips from low of 1.19583.
The yen is in a narrow range against USD and any major jump can be seen only above 106.70 level. Any break above targets 107.20/107.40.
Technically, the pair is trading higher above 128 level and near term, major resistance is around 129.07-22 (200-H MA and 300-H EMA). Any violation above will take the pair till 130/130.69. The decline from 148.72 will get over around 126.54 only if pair breaks above 130.69.
On the flip side, major support is around 128 and any convincing break below will drag the pair to the next level till 126.50. Major bearish continuation only above 126.50.
It is good to buy on dips around 128.45-50 with SL around 127.90 for the TP of 130.38/130.65.


Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro- Woodies pivot (Major)
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
FxWirePro- Major Crypto levels and bias summary
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro- Woodies pivot (Major) 



