GBPJPY surged sharply on board-based yen weakness. It hits a high of 189.41 and is currently trading around 189.14. Intraday trend is bullish as long as support 188 holds.
Markets eye BOE monetary policy today for further direction.
Technicals-
The pair is trading above short-term 34, below 55 EMA (186.04 and 186.84), and long-term 200 EMA (190.18) in the 4-hour chart.
The near-term resistance is around 189.50, a breach above targets 189..83/190/191.25/193.50. Major trend continuation only above 193.50. The immediate support is at 188, any violation below will drag the pair to 186.70/185.80/185.
Indicator (4-hour chart)
CCI (14)- Bullish
CCI (50)- Bullish
Average directional movement Index - Bullish. All indicators confirm a bullish trend.
It is good to buy on dips around 188.50 with SL 187.45 for a TP of 190/191.25.


FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: GBP/NZD gains some upside momentum but still bearish
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
FxWirePro: AUD/USD bulls struggles as upside momentum fades
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
FxWirePro: USD/CNY gains some upside momentum but bias still bearish
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond
FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger
FxWirePro- Major Crypto levels and bias summary 



