Chart pattern- Bearish Divergence (CCI(50) 8-hour chart)
The GBP/JPY hits a fresh multi-year high on board-based Yen weakness. It hit an intraday high of 199.83 and is currently trading around 1999.54. Intraday trend is bearish as long as the resistance at 200 holds.
The GBP/JPY pair is trading above 55 and 200 EMA (Short-term) and 365 EMA (long-term) on the 8-hour chart, confirming a bullish trend. Any violation below 199.35 indicates the intraday trend is weak. A dip to 198.78/198.40/197.70/196.70/196.25/195.25/194/193.70 is possible. Immediate resistance is at 200, a breach above this level targets 202/204.
Market Indicators (8-hour chart)
CCI (50)- Bullish
Directional movement index - Buy
Trading Strategy: Sell
It is good to sell on rallies around 199.58-60 with SL around 200.50 for a TP of 198/197.40.


FxWirePro: GBP/NZD slide lower shifts pressure to the downside
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro- Woodies Pivot(Major)
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro- Woodies Pivot(Major)
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro- Major European Indices
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary 



