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FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Crypto levels and bias summary 
- Pattern formed - Shooting Star
- Major support – 146 (5- day MA).
- The pair has formed shooting star candlestick pattern in the daily chart .GBP/JPY jumped till 148.45 and started to decline sharply from that level. It is currently trading around 146.82.
- GBP/JPY faces strong support at 146 (5- day MA) and any violation below will drag the pair down till 145.25 (7- day MA)/143 (200- day MA).
- On the higher side, any break above 148.50 will take the GBP/JPY till 149.80 (161.8% retracement of 148.45 and 146.34) in the short term.
- Minor weakness below 142.50 level.
It is good to sell on rallies around 147.45-50 with SL around 148.50 for the TP of 142.50/140.
Resistance R1-147.55
R2-148.50
R3- 149.80
Support
S1-146
S2-145.20
S3- 143
