GBPJPY gained above the 206 level on the back of the Pound sterling buying. Intraday trend is bullish as long as support 205 holds. At the time of writing, it reached a low of 206.37 and is now trading about 206.614.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 206.45
EMA (one-hour chart)
55-EMA- 205.67
200-EMA- 203.88
365-EMA- 202.57. The pair trades above the short (55- EMA) and long-term moving average(365 EMA and below 200 EMA).
Major Support- 205.60. Any breach below will drag the pair down 205/204.40/203.70/203.
Major resistance - 206.50. Any break above confirms minor bullishness; a jump to 207/207.25/208/209.20/210 is possible.
Indicator (4-hour chart)
CCI (50)- bullish
Average directional movement Index- Neutral. All indicators confirm a neutral trend.
It is good to buy on dips around 206 with SL around 205 for a TP of 208.


JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum
FxWirePro- Major Pair levels and bias summary
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD trades flat as markets await warsh’s jackson hole speech
NZDJPY Faces Downward Pressure as 95.40 Resistance Holds Firm
FxWirePro: GBP/AUD extends decline, vulnerable to more downside
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro- Woodies Pivot (Major) 



