The GBPJPY is pulling back a bit as the pound gets stronger. If it stays above 210, the trend for today is still up. Right now, it's trading around 211.89, and it dipped to 210.71 earlier today.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 211.89
EMA ( chart)
55-EMA- 212.06
200-EMA- 209.86
365-EMA- 207.69 The pair trades below the short (55- EMA) and above long term moving average, 200 EMA, and above the 365 EMA.
Major Support- 210.70. Any breach below will drag the pair down to 210/209.70/209/208.60/207.95/207.20/206.75.
Major resistance - 212 Any break above confirms minor bullishness, a jump to 212.80/213.44/214/214.29/215.18 is possible.
Indicator (4-hour chart)
CCI (50)- Bearish
Average directional movement Index- Neutral. All indicators confirm a mixed trend.
It is good to buy on dips around 211 with SL around 210 for a TP of 214.


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot (Major)
FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
ETH/USD Trade Setup: Buy Dips Near $2,300 with Eyes on a $3,000 Breakout Target
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
EUR/USD Consolidation Setup: Buy Dips at 1.1650 for a Move to 1.1760
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro: GBP/AUD extends decline, vulnerable to more downside
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech
NZDJPY Holds 95 Amidst Buying Pressure, Technicals Point to Potential Downtrend
AUDJPY Surges to One-Month High on Australian Dollar Strength 



