GBPJPY gained above 203 level as pound sterling recovers. Intraday trend is bullish as long as support 202.50 holds. It hits an intraday high of 203.944 and is currently trading around 203.479.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 203.49
EMA (4-hour chart)
55-EMA- 202.52
200-EMA- 201.87
365-EMA- 200.99. The pair trades above the short (55- EMA) and long-term moving average(365 EMA and 200 EMA) and 200 EMA.
Major Support- 202.60. Any breach below will drag the pair down 201.70/201.25200/199.30/199/198.34/197.40.
Major resistance - 204.35 Any break above confirms minor bullishness; a jump to 205/206 is possible.
Indicator (4-hour chart)
CCI (50)- Bullish
Average directional movement Index- Neutral. All indicators confirm a mixed trend.
It is good to buy on dips around 202.58-60 with SL around 202 for a TP of 204/205.


FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: EUR/ NZD consolidating around 2.0200, room for further gains
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro- Major European Indices
FxWirePro: USD/CNY drifts lower, vulnerable to more downside
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro- Woodies Pivot(Major)
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: EUR/AUD eases as market awaits Iran deadline 



