Major resistance - 137.20 (previous week high)
GBPJPY has halted its 7 weeks of bearishness at 135.38 and shown a minor recovery on GBP strength. GBP was trading higher against USD on broad-based dollar selling after the dovish Fed. Cable has recovered more than 200 pips from low of 1.25060 level. The escalation of Middle East tension is supporting safe-haven assets like yen, Swiss franc. The pair hits high of 137.12 and is currently trading around 136.73.
Technically, the near term resistance is around 137.20 and any convincing break above will take the pair to next level till 138.32 (Jun 2nd week high)/138.60/139.64.
On the flip side, near term support is around 136.50 any violation below will drag the pair till 136/135.38 (Jun 18th low). Any bearish continuation only below 135.35 level.
It is good to buy above 137.20 with SL around 136.60 for the TP of 139.60.


JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Major Pair levels and bias summary
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: AUD/USD gains some ground but outlook is bearish
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges 



