Ichimoku Analysis (4-Hour Chart)
Tenken-Sen- 152.51
Kijun-Sen- 152.20
Previous week high – 153.45
GBPJPY is trading slightly lower after hitting a high of 153.24.The minor sell-off in Pound sterling due to Brexit pessimism. But the decline in the number of coronavirus cases and positive economic data is preventing further downside. USDJPY is holding above 110 levels amid a surge in US bond yields. Any breach above 110.60 confirms further bullishness. The intraday trend of GBPJPY is still bullish as long as support 152 holds.
Technical:
The pair's immediate resistance is around 153.25, any violation above targets 153.50/154/155.05/156. Significant bullish continuation if it breaks 156.60. On the lower side, near-term support is around 152.49. Any indicative violation below targets 152/151.54/151.
Ichimoku Analysis- The pair is trading above 4-hour Kijun-Sen and above Tenken-Sen.
Indicator (4-Hour chart)
CAM indicator-Neutral
Directional movement index –Neutral
It is good to buy on dips around 152.50-55 with SL around 151.40 for a TP of 155.


FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD slips as oil rally boosts loonie
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Major European Indices
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY downside pressure builds, key support level In focus 



