GBPJPY holds above 203 on board-based yen selling. Intraday trend remains bullish as long as support 201.80 holds. Trading around 203.35 right now, the pair reached an intraday high of 203.39.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 203.33
EMA (4-hour chart)
55-EMA- 202.38
200-EMA- 201.10
365-EMA- 200.05. The pair trades above short and above long term moving average.
Major Support- 202.60. Any breach below will drag the pair down to 201.80/201.30/ 200/199.30/198.34/197.40.
Major resistance - 203.50. Any break above confirms minor bullishness; a jump to 204.20/205/205.35/206 is possible.
Indicator (4-hour chart)
CCI (50)- Bullish
Average directional movement Index- Neutral. All indicators confirm a mixed trend.
It is good to buy on dips around 202.58-60 with SL around 201.80 for TP of 204/205.


FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
AUD/JPY: Bullish Momentum Continues in JPY Major Pairs
AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro- Major Crypto levels and bias summary
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: NZD/USD edges higher ahead of RBNZ decision
Bitcoin Dips Before the Flip: Whales Load Up $3B as $80K Rebound Looms
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
FxWirePro- Woodies Pivot (Major)
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: USD/CAD downside pressure builds, key support level in focus 



