GBP/JPY showed a minor pullback as the pound sterling gained strength. It hit an intraday high of 193.75 and is currently trading around 193.52. Intraday trend is bearish as long as resistance 195 holds.
The GBP/JPY pair is trading below 34 and above 55 EMA (Short-term) and 200 EMA (long term on the 1-hour chart, confirming a bearish trend. Immediate resistance is at 194,a breach above this level targets of 194.70/195/196.50. Downside support is at 193.50/193/192.35/191.70.
Market Indicators (4- hour)
CCI (50)- Bearish
Directional movement index - neutral
Trading Strategy: Sell on rallies
It Is good to sell on rallies around 194 with SL around 195 for a TP of 191.70/190.


BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro- Woodies Pivot(Major)
FxWirePro-Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: GBP/NZD remains bullish as rally continues
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations 



