- GBP/JPY has formed a minor bottom around 141.19 previous week and shown a good recovery from the low till 143.05 at the time of writing. It is currently trading around 143.16.
- The pair’s major resistance is around 143 high made on Sep 1st 2017 and any convincing break above will take the pair to next level till 144.66 (61.8% Fibo)/145.27 (Aug 8th high).
- Overall bullish invalidation can be seen only below 139.30 low made on Aug 24th 2017.
- The near term support is around 142.50 (34- day EMA) and any break below will drag the pair till 142.25 (daily Kijun-Sen)/141.19.
It is good to buy on dips around 143.05-143.10 with SL around 142.48 for the TP of 144.65/145.27.


FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
Bitcoin Stalls on Boxing Day: Flat at $87K Amid Bearish EMAs – But CCI Signals Buy Dips to $85K for $100K+ Targets
AUD/JPY Buoyed by Holiday Calm: Buy the Dips Above 103.80 for a Run Toward 106
FxWirePro: USD/JPY bears maintain upper hand
Ethereum Stuck in Neutral: Range-Bound at $2.9K with Bearish EMAs – But Dip-Buyers Eye $2958 for $3600+ Breakout
FxWirePro: EUR/NZD positions for another drop, eyes 2.0100 level
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: USD/ZAR edges higher but bearish outlook persists
NZD/JPY Drifts Sideways: Mixed Signals Say “Stand Aside for Now”
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



