- GBP/JPY has been continuously weak for second consecutive day. The pair declined almost 180 pips yesterday. The pair decline was mainly due to major dip in Pound sterling after breaking major support at 1.3800. The pair hits low of 146.46 and is currently trading around 146.99.
- The GBP was declining due to strong USD after positive statement by Powell on US economy increased hopes of more than three rate hikes in this year. Another round of Fed chairman Powell talks was major event to be watched for the day. GBP/JPY’s near term resistance is around 147.75 (200- day MA) and any break above will take the pair to next level till 148.50 (support turned into resistance)/149. Any close above 150 confirms minor bullishness, a jump till 150.50/150.82.
- On the lower side, near term support is around 147 and any break below will drag the pair till 146/145.
It is good to sell on rallies around 147.15-20 with SL around 147.75 for the TP of 146/145.


Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro: AUD/USD grinds higher amid risk appetite revival
EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease
FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize
FxWirePro- Major Crypto levels and bias summary 



