- Major resistance- 138.85 (Sep 2nd high)
- Major support – 135.90 (23.6% retracement of 126.70 and 138.85)
- GBP/JPY has jumped sharply after declining till 136.28 level. The pair jumped till 138.86 the high formed on Sep 2nd 2016 and slightly declined till 137.88. It is currently trading at 138.03.
- Any break above the high of 138.85 will take the pair till 140/143.25 in the short term.
- The pair major downside support stands at 135.90 and any indicative break below that level will drag the pair down till 134.82(10- day MA)/134.The minor support is around 137.50 (resistance turned into support).
- The minor weakness below 134 level.
It is good to break above 138.85 with SL around 137.50 for the TP of 140/143.25
Resistance
R1-138.85
R2-140
R3- 143.25
Support
S1-135.90
S2-134.82
S3- 134


FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro- Major European Indices
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 



