GBPJPY had a roller coaster ride yesterday on Brexit uncertainty. GBP recovered sharply after Theresa May offered new Brexit plan on Tuesday but MPs reacted negatively to UK PM’s last effort. Today May will present her new Brexit deal which will contain a 10 point plan which is intended to make plan attractive to MP. The chance of winning withdrawal agreement vote in house of commons for UK PM is very negligible which is going to happen on Jun 3rd. GBPJPY hits high of 141.72 yesterday and started to decline sharply. It is currently trading around 139.81.
On the lower side, near term major support is around 139.50 and any violation below will drag the pair to next level till 139/138.60.
The minor resistance of the pair is at 140.60 and any break above targets 141.20/141.80 (300- H EMA).
RSI- 25 OVER SOLD LEVEL
It is good to buy on dips around 139.50 with SL around 139 for the TP of 141.50.


AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Major Pair levels and bias summary
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Woodies pivot (Major)
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies 



