GBP/JPY declined slightly due to profit booking. It hits an high of 191.72 yesterday and is currently trading around 191.07. Intraday trend is bullish as long as support 190 holds.
The GBP/JPY pair is trading above 34 and 55 EMA (Short-term) and 200 EMA (long-term on the 4-hour chart, confirming a bullish trend. Immediate resistance is at 191.20,a breach above this level targets of 191.75/192.30/193. Downside support is at 190 with additional levels a 189.46/188/187.46/187.10/186.45.
Market Indicators
CCI (50)- Bullish
Directional movement index - Bullish
Trading Strategy: Buy on dips
It Is good to buy on dips around 190 with SL around 189 for a TP of 192.


FxWirePro- Woodies pivot (Major)
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level
FxWirePro- Major Pair levels and bias summary
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY gains some upside momentum but bias still bearish
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns
FxWirePro: USD/CAD retreats slightly but trend is still bullish 



