GBP/JPY showed a minor sell-off as the yen gained strength.It hit a high of 196.40 yesterday and is currently trading around 195.38. Intraday trend is bullish as long as support 193 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 196, a breach above this level targets of 196.40/197.36/198/199. Downside support is at 194.80/194.20/193.64/193/192.35.
Market Indicators
CCI (50)- Bullish
Directional movement index - Neutral
Trading Strategy: Buy on dips
It Is good to buy on dips around 195 with SL around 194 for a TP of 197.35/198.


AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: GBP/NZD remains bullish as rally continues
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro- Major Crypto levels and bias summary
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: EUR/NZD edges lower but bullish outlook persists
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro-Major European Indices
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 



