GBPJPY is trading weak and has lost more than 150 pips of 149.40. The decline was mainly due to broad based dollar buying. The pair hits intraday low of 147.71. It is currently trading around 147.82.
The pair has shown a minor decline below trend line support and any hourly close below 147.80 confirms further weakness. Any close below 147.80 targets 147.50/146.95.
On the higher side, near term resistance is around 148.35 (200- H MA) and any break above targets 149/149.40/150.
It is good to sell on rallies around 148.15-20 with SL around 149.30 for the TP of 145.


FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention. 



