Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites 
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
FxWirePro:EUR/NZD dips below lower range, bearish bias increases 
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions 
FxWirePro: NZD/USD trades in narrow range ,outlook bullish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD under pressure despite UK's modest economic growth 
JPY Action Bias: Extremely Bullish Surge Ignites Across NZD, GBP & AUD 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: AUD/USD edges lower, but bullish outlook persists 
As the yen loses steam, GBPJPY climbed almost 100 pips from the small bottom of 197.48. Currently trading around 198.19, the pair reached an intraday high of 198.55.
Oscillators and moving averages to forecast the trend of GBPJPY
CMP- 198.08
EMA (4-hour chart)
55-EMA- 199.09
200-EMA- 199.21
365-EMA- 198.60. The pair trades below short and above long long-term moving average.
This week's low- 197.48 (Yesterday’s low). The pair holds well below that level. Any breach below 197.45 will drag the pair down to 196.95/195.80/195.80/195.
Recent high - 198.60. Any break above 198.63 confirms minor bullishness, a jump to 199.20/199.60/200 /200.51is possible.
Indicator (4-hour chart)
CCI (50)- Bearish
Average directional movement Index- Neutral. All indicators confirm a mixed trend.
It is good to sell on rallies around 198.48-50 with SL around 199 for TP of 197.
