FxWirePro: NZD/USD firms, setting up for next leg higher 
FxWirePro: USD/JPY slides below 154 level, scope for further downside 
FxWirePro: GBP/USD retreats slightly but trend is still bullish 
FxWirePro: GBP/AUD extends drop, faces 23.6%fib support 
FxWirePro: USD/ CNY outlook weaker on renewed downside pressure 
GBP/JPY Slips Below 210 as Yen Surge Turns Rallies into Selling Opportunities 
Crypto Correction Deepens: BTC Trades Weak at $66.6K, Major Support at $60K 
FxWirePro: USD/CAD drifts lower, could be on verge of bigger drop 
Yen Roars Back: EURJPY Cracks Below 183 – Bears Target 180 on Rallies 
FxWirePro- Major European Indices 
FxWirePro: USD/ZAR downtrend slows, but bearish sentiment remains 
FxWirePro: GBP/NZD drops below 2.2600 level, heads deeper into bear territory 
FxWirePro: NZD/USD edges higher , scope for further upside 
USDCHF Fades Post-Jobs Rally: Bears Eye 0.7500 – Sell the Bounce at 0.7730 
FxWirePro: GBP/AUD extends drop, faces 23.6%fib support 
Candlestick- Hammer (daily chart)
The GBP/JPY took support near the trend line and showed a minor pullback as the pound sterling recovered. It hit an intraday high of 192.92 and currently trading around 192.496. Intraday trend is bullish as long as support 190 holds.
Technical Analysis of GBP/JPY
The GBP/JPY pair is trading below 34 and 55 EMA (Short-term) and 200 EMA (long-term) on the 4-hour chart, confirming an overall downtrend. Immediate resistance is at 193.45; a breach above this level targets 194.52/195/195.60/196.25/197. Downside support is at 191.80 with additional levels at 191/190.
Market Indicators
CCI (50)- Bearish
Directional movement index - Bearish
It is recommended to buy on dips around 192.38-40 with a stop-loss at 191.50 for a TP of 195/195.60.
