As the yen was strengthening, GBPJPY was slightly liquidated. The intraday trend remains bullish if the 205 support level is maintained. It went down to 206.54 at the time of writing, but is now trading around 206.607.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 206.45
EMA (one-hour chart)
55-EMA- 206.56
200-EMA- 206
365-EMA- 205.35. The pair trades above the short (55- EMA) and long-term moving average(365 EMA and below 200 EMA).
Major Support- 206.50. Any breach below will drag the pair down 206/205.40/205/204.40/203.70/203.
Major resistance - 207.50. Any break above confirms minor bullishness, a jump to 208/209.20/210 is possible.
Indicator (1-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.


FxWirePro- Major Pair levels and bias summary
NZDJPY Holds 95 Amidst Buying Pressure, Technicals Point to Potential Downtrend
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
AUDJPY Surges to One-Month High on Australian Dollar Strength
FxWirePro: GBP/NZD trades flat as markets await warsh’s jackson hole speech
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum
NZDJPY Faces Downward Pressure as 95.40 Resistance Holds Firm
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech
FxWirePro:EUR/NZD bears maintain upper hand
FxWirePro: USD/JPY trades flat ahead of Warsh's policy signals
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD edges higher ahead of RBNZ decision 



