EUR/JPY Holds Bullish Bias as Euro Extends Recovery 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level 
FxWirePro: AUD/USD dips after RBA Governor speech 
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 
FxWirePro- Woodies pivot (Major) 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: GBP/NZD gains some ground but bias is still bearish 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
FxWirePro: USD/ZAR retreats but trend is still bullish 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum 
FxWirePro: NZD/USD edges lower, remains on back foot 
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
Ichimoku Analysis (1-Hour Chart)
Tenken-Sen- 151.72
Kijun-Sen- 151.68
Previous week low – 148.45
GBPJPY has shown a minor pullback after hitting a low of 151.17. The slight recovery in the Pound sterling is supporting the pair at lower levels. The dip in coronavirus cases in Britain and soft US dollar lifting GBPUSD higher. The yen hits a multi-month high against the USD on increasing safe-haven demand. A breach below 109 confirms further bearishness.
Technical:
The pair's immediate resistance is around 152.25, any violation above targets 152.65/153/153.50. Significant bullish continuation if it breaks 156.60. On the lower side, near-term support is around 151.40. Any indicative violation below targets 150.60/150/149.
Ichimoku Analysis- The pair is trading above 1-hour Tenken-Sen and below Kijun-Sen.
Indicator (1-Hour chart)
CAM indicator- Slightly Bullish
Directional movement index –Neutral
It is good to sell on rallies around 152.50-55 with SL around 153.50 for a TP of 149.
