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/ZAR extends losses ,eyes 16.400 level
FxWirePro- Major US Indices
FxWirePro-Major European Indices
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: USD/CNY downside pressure builds, key support level In focus
ETHUSD Dip: Prime Buy Zone to $3600 Targets
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro- Major Pair levels and bias summary 



