FxWirePro- Sell GBPJPY on rallies
Harmonic pattern- Bearish BAT pattern
GBPJPY pared most of its gained on weak Pound sterling. It hit a high of 195.18 yesterday and is currently trading around 193.315. Overall trend remains bearish as long as resistance 196 holds.
The demand for safe-haven assets like the yen increased after Iran launches 100 missiles toward Israel.
Technicals-
The pair trades below short-term 34, above 55 EMA (193.32 and 192.78), and long-term 200 EMA (191.75) in the one-hour chart.
The near-term resistance is around 193.50, a breach above targets 194.25/195/195.97. Major trend continuation only above 196. The immediate support is at 193, any violation below will drag the pair to 192.50/191.50/190/188/185.85
Indicator (Hourly chart)
CCI (50)- Bullish
ADX- neutral. All indicators confirm a bullish trend.
It is good to sell on rallies around 193.78-80 with SL around 195.20 for a TP of 190.20.


FxWirePro: USD/JPY steadies around 158.75, bias bullish
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted
FxWirePro- Major Crypto levels and bias summary
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock 



