GBPJPY pared most of its gains on board-based yen strength. As long as support 210 holds, the intraday trend is bullish. It is trading around 210.97, as of publication, and has reached an intraday low of 210.42.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 210.42
EMA (1-hour chart)
55-EMA- 210.88
200-EMA- 209.86
365-EMA- 208.93. The pair trades below the short (55- EMA) and above the long-term moving average(365 EMA and below 200 EMA).
Major Support- 210. Any breach below will drag the pair down 209.70/209/208.60/207.95/207.20/206.75.
Major resistance - 211.55. Any break above confirms minor bullishness, a jump to 212/212.60 is possible.
Indicator (1-hour chart)
CCI (50)- Neutral
Average directional movement Index- Bearish. All indicators confirm a bearish trend.
It is good to buy on dips around 210 with SL around 209 for a TP of 212..


FxWirePro: GBP/USD dips after US CPI data, key support level in focus
FxWirePro: GBP/NZD topside capped, sellers still hold the advantage
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: USD/ZAR uptrend resumes rise toward key fibo
FxWirePro: USD/JPY edges up, remains on front foot
FxWirePro- Major European Indices
FxWirePro -Major European Indices
Sterling Surge: GBPJPY Eyes 214.00 as Yen Weakness Fuels Five-Day Rally
Euro's Ascent: EURJPY Bulls Eye 186.00 as Yen Weakness Persists
FxWirePro: GBP/USD drops towards 1.3350 level, heads deeper into bear territory
FxWirePro:EUR/USD slips as oil supply and conflict fears persist
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/ NZD stays range-bound but maintains bearish bias
FxWirePro: GBP/AUD under pressure , knocking on door of key support 



