FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: GBP/AUD moves lower on weak UK data 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro:EUR/AUD eases but bullish outlook persists 
Short-term resistance -157.75
Intraday Support- 156.75
GBPJPY is trading higher for a fifth consecutive week and surged more than 800 pips. The bullish trend in the pound sterling supports the pair at lower levels. GBP recovered more than 100 pips against USD on upbeat market sentiment. The jump in the number of coronaviruses in the UK and Brexit uncertainty put pressure on the Pound sterling. Any breach above 1.3600 confirms further bullishness. The intraday trend of GBPJPY is bullish as long as support 156 holds. GBPJPY hits an intraday low of 157.37 and is currently trading around 157.28.
USDJPY- Analysis
The pair showed a profit booking on weak US jobs data. The intraday bullishness only if it breaks 116.50.
CCI Analysis-
The CCI (50) and Woodies CCI hold above zero levels in the 4-hour chart. It confirms an intraday bearish trend.
Technical:
The immediate resistance is around 157.75 any break above targets 158.50/160. Significant bullish continuation if it breaks 158.50. On the lower side, near-term support is at 156.80. Any indicative violation below targets 156/ 155.70/155.25/154.70/154.
Indicator (4-Hour chart)
Directional movement index –Neutral
It is good to buy on dips around 157 with SL around 156 for a TP of 159.
