- Major resistance -132 (90 H EMA)
- Major support – 129.80 (trend line joining 128.60 and 129.57)
- The pair has retreated sharply after making a high of 131.97. It is currently trading around 130.03.
- GBP/JPY have declined till 129.57 yesterday and slightly recovered from that level.
- The intraday trend is weak as long as resistance 131.25 (55 H EMA) holds.
- Any indicative break above 132 will take the pair to next level at 132.70/133.90/135.32 (200 HMA).
- On the lower side, support is around 129.80 and break below targets 128.60/128.10/126.55.
Indicators :
CCI(50)- sell
ADX- Neutral
It is good to sell below 129.80 with SL around 131.25 for the TP of 128.20/126.60
R1- 131.25.
R2-132
R3-132.70
Support
S1- 129.80
S2-128.60
S3-126.55


FxWirePro- Major European Indices
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro- Major Pair levels and bias summary
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: AUD/USD retreats slightly but trend is still bullish
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: EUR/AUD under pressure as key support gives way
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally 



