GBPJPY pared most of its gains on the strong yen. The intraday trend remains bearish as long as the resistance level of 202 holds. Trading around 201 right now, the pair reached an intraday high of 201.03.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 201.02
EMA (1-hour chart)
55-EMA- 202.22
200-EMA- 202.24
365-EMA- 201.72. The pair trades above the short and the long-term moving average.
Major Support- 200.50. Any breach below will drag the pair down to 200/199.30/198.34/197.40.
Major resistance - 201.78. Any break above confirms minor bullishness, a jump to 202.45/203/203.55/204.20/205/205.35/206 is possible.
Indicator (1 hour chart)
CCI (50)- Bearish
Average directional movement Index- Bearish. All indicators confirm a bearish trend.
It is good to sell on rallies around 201.78-80 with SL around 203 for TP of 198.35/198.


FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro: USD/CAD downside pressure builds, key support level in focus
AUD/JPY: Bullish Momentum Continues in JPY Major Pairs
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
AUDJPY Surges to One-Month High on Australian Dollar Strength
FxWirePro: NZD/USD edges higher ahead of RBNZ decision
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ AUD gains slightly but remains on bearish path
FxWirePro- Woodies Pivot (Major)
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro- Major Crypto levels and bias summary
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
FxWirePro: USD/JPY dips as Yen firms on BOJ rate-hike bets 



