GBPJPY gained more than 100 pips after forming a minor bottom around 199.07. Intraday trend is bearish as long as the resistance at 201 holds. It hits an intraday high of 200.47 and is currently trading around 200.39..
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 200.394
EMA (1-hour chart)
55-EMA- 200.97
200-EMA- 201.95
365-EMA- 202.10. The pair trades below the short and above long long-term moving average.
Major Support- 200. Any breach below will drag the pair down to 199.30/199/198.34/197.40.
Major resistance - 201. Any break above confirms minor bullishness, a jump 202/202.80/203.30/204/204.25/205 is possible.
Indicator (1-hour chart)
CCI (50)- Bearish
Average directional movement Index- Neutral. All indicators confirm a bearish trend.
It is good to sell on rallies around 200.88-90 with SL around 202 for a TP of 199.


FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro: NZD/USD edges higher ahead of RBNZ decision
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: USD/JPY dips as Yen firms on BOJ rate-hike bets
NZDJPY Faces Downward Pressure as 95.40 Resistance Holds Firm
Bitcoin Dips Before the Flip: Whales Load Up $3B as $80K Rebound Looms
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro- Major Crypto levels and bias summary 



