FxWirePro: NZD/USD retains bearish bias, upbeat New Zealand trade surplus data fails to impress Kiwi bulls
FxWirePro: Buy GBPJPY on dips
Ichimoku Analysis (4-hour chart)
GBPJPY is trading flat and struggling to break above 139.75 level. The Pound sterling is trading weak after dismal GDP and mounting job loss. USDJPY took a minor u-turn after jumping slightly above the 107 level. The US stimulus and trade war between the US and Sino is supporting yen. The short term trend is still on the higher side as long as support 137.40 holds.
The daily chart shows that the pair is struggling to break above 139.75 (Jun 5th, 2020), any surge past 139.75 targets 141.07/143. The near term support is around 139.15, any break below will drag the pair down till 138.60/138.20/137.40.
It is good to buy on dips 139.15-20 with SL around 138.50 for the TP of 141.05.