From 17 17-year high of 211.59, GBPJPY exhibited a little profit-booking. The intraday trend is downward as long as the resistance at 212 remains in place. As of publication, it is trading around 210.34 and has reached an intraday low of 210.29.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 210.41
EMA (1-hour chart)
55-EMA- 210.45
200-EMA- 209.04
365-EMA- 208.16. The pair trades above short (55- EMA) and above long-term moving average(365 EMA and below 200 EMA).
Major Support- 210. Any breach below will drag the pair down 209.70/209/208.60/207.95/207.20/206.75.
Major resistance - 211.55. Any break above confirms minor bullishness, a jump to 212/212.60 is possible.
Indicator (4-hour chart)
CCI (50)- bearish
Average directional movement Index- Neutral. All indicators confirm a mixed trend.
It is good to sell on rallies around 210.78-80 with SL around 211.60 for a TP of 208.


FxWirePro: USD/JPY dips as Yen firms on BOJ rate-hike bets
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: GBP/AUD extends decline, vulnerable to more downside
FxWirePro: GBP/NZD trades flat as markets await warsh’s jackson hole speech
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
NZDJPY Holds 95 Amidst Buying Pressure, Technicals Point to Potential Downtrend
FxWirePro:EUR/NZD bears maintain upper hand
ETH/USD Trade Setup: Buy Dips Near $2,300 with Eyes on a $3,000 Breakout Target
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance 



