FxWirePro: NZD/USD rangebound around 110-EMA, concerns about worsening US-China relations cap upside
FxWirePro: USD/SEK eases following Sweden's better-than-expected economic data, outlook remains bearish
FxWirePro: CAD/JPY Minor Trend Fails At Stiff Resistance, Major Downtrend Intact On Head & Shoulder Pattern – Trade & Hedging Setup
FxWirePro: USD/CAD Bears To Intensify On Breakdown Below Triangle Support, Major Uptrend Intact – Trading & Hedging Setup
FxWirePro: Sell GBPJPY on rallies
Ichimoku Analysis (Daily Chart)
GBPJPY was trading high for 6th consecutive days and shown a minor decline from a high of 133.82. The jump was mainly due to surge in pound sterling, especially against USD. GBPUSD jumped more than 800 pips from a low of 1.14098.
Technically, short term bullishness can be seen only above 134.30-50 level and violation above targets 135/136/136.95. Major trend continuation only above 137.20.
On the flipside, immediate support is at 132 and indicative break below targets 131.40/129.85/128.90.
It is good to sell on rallies around 1.33.75-80 with SL around 134.50 for the TP of 131.40.