Short-term resistance -150.75
Intraday Support- 149.50
GBPJPY has once again shown a minor pullback above 150 and is currently trading around 150.139. The pound sterling is consolidated in a narrow range between 1.3150 and 1.3250 for the past two days. The number of new coronavirus cases surged more than 1400000 in the UK on the week ending Dec 19th, 2021. Any breach below 1.3150 confirms bearish continuation. The intraday trend of GBPJPY is bearish as long as resistance 150.75 holds. GBPJPY hits an intraday high of 150.22 and is currently trading around 150.17.
USDJPY- Analysis
The pair holds above 113.50 levels on higher yields. Any intraday bearishness only if it breaks 113.
CCI Analysis-
The CCI (50) and Woodies CCI hold below zero level in the 4- hour chart. It confirms an intraday bearish trend.
Technical:
The immediate resistance is around 150.40, any break above targets 150.75/151.25/152/152.60/153/153.52. Significant bullish continuation if it breaks 158.50. On the lower side, near-term support is around 149.50. Any indicative violation below targets 148.90/148.
Indicator (4-Hour chart)
Directional movement index –Neutral
It is good to sell on rallies around 150.25-30 with SL around 151 for a TP of 148.


FxWirePro- Major Crypto levels and bias summary
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD moves lower on weak UK data
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/USD dips lower on negative UK retail sales data
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major European Indices
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Woodies Pivot(Major) 



