GBPJPY gained more than 100 pips after a massive sell-off on Friday. The pair declined sharply after Trump imposed an additional tariff of 100%. Intraday trend remains bullish as long as support 201.80 holds. Trading around 202.76 right now, the pair reached a low of 201.85 yesterday.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 202.76
EMA (4- hour chart)
55-EMA- 201.99
200-EMA- 200.32
365-EMA- 199.37. The pair trades above the short and long-term moving averages.
Major Support- 201.80. Any breach below will drag the pair down to 201.30/200/199/198.
Major resistance - 203.10. Any break above 203.10 confirms minor bullishness; a jump to 204.50/206 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 with SL around 200 for TP of 204.


Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro- Major Pair levels and bias summary
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
FxWirePro: AUD/ USD strongly bearish despite upside attempts 



