FxWirePro- Woodies Pivot(Major) 
EUR/USD Powers Higher on Dismal US Retail Sales Miss: Bullish Breakout Brewing Toward 1.2000? 
GBPJPY Stuck in Tight Range: Bullish Bias Holds Above 211.50 – Dip Buyers Targeting 215 Breakout? 
NZDJPY Pullback: Yen Strengthens on Takaichi's Election Victory – Buy the Dip Toward 96? 
FxWirePro- Major European Indices 
AUDJPY Holds the Line: Positive Bias Intact Above 109 – Dip Buyers Eyeing 112 Breakout? 
Pattern formed- Three drives pattern (Bullish)
The GBP/JPY was one of the worst performers this week on board-based yen buying. It hit a low of 185.57 at the time of writing and is currently trading around 186.27. Intraday trend is bullish as long as support 185 holds.
The GBP/JPY pair is trading below 34 and 55 EMA (Short-term) and 200 EMA (long-term on the 4-hour chart, confirming a bearish trend. Immediate resistance is at 186.75, a breach above this level targets of 187.15/187.88/189/189.50/190/191/191.75/192.30/193. Downside support is at 185.50 with additional levels a 183/180.
Market Indicators
CCI (50)- Bearish
Directional movement index - Bearish
Trading Strategy: Buy on dips
It Is good to buy on dips around 185 with SL around 183 for a TP of 190.
