- GBP/JPY is consolidating after hitting a high of 142.33.The pair has broken trend line resistance around 141.50 on Friday and is currently trading around 141.95.
- Break above trend line resistance confirms minor bullishness, a jump till 143.80 is likely. Short term is trend is slightly as long as support 138 holds. Intraday trend is bullish as long as support 141.30 holds.
- On the higher side, near term resistance is around 142.80 (61.8% retracement of 145.40 and 138.67) and any break above will take the pair till 143.80 (200- 4H MA)/145.40 (May 25th 2017 high).
- The near term support is around 141.40 (23.6% retracement of 138.67 and 142.33) and any break below will drag the pair till 140.60 (4H Kijun-Sen)/138.65.
It is good to buy on dips around 141.75-80 with SL around 141 for the TP of 143.80


FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 



