GBPJPY trades flat after hitting a fresh year high. The intraday trend is bullish as long as the support at 199.55 holds. Currently, trading around 200.04, the pair reached an intraday high of 200.12.
The pair is trading above 55 and 200 EMA and 365 EMA (long-term) on the 4-hour chart, confirming a bullish trend. Any violation below 199.50 indicates the intraday trend is weak. A dip to 199.20/198.75 /198/197.85/197.25/ 196.70/196.20/195 is possible. Immediate resistance is at 200.50; a breach above this level targets 202/203.
Market Indicators ( 4-hour chart)
CCI (50)- Bullish
Directional movement index - Neutral
Trading Strategy: Buy
It is good to buy on dips around 199.88-90 with SL around 199.35 for a TP of 202/203.


FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: AUD/ USD eases as risk sentiment remains fragile
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD gains some upside momentum but still bearish
ETH Stands Alone Bullish; BTC, SOL, XRP, BNB Neutral
FxWirePro- Major Pair levels and bias summary
GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
Gold Loses Steam After Strong U.S. Retail Sales
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align
FxWirePro- Woodies pivot (Major)
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral
JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground 



