GBPJPY showed a massive sell-off and lost more than 400 pips on the weak pound sterling. GBP hits two-year lows on weak UK GDP data. It declined to 0.8% QOQ compared to 1%. The overall trend of GBPUSD is weak on policy divergence between BOE and Fed. Any breach below 1.2180 confirms the further bearish trend. GBPJPY hits an intraday low of 157.05 and is currently trading around 157.42.
USDJPY
USDJPY pared most of its gains on declining US bond yields. The intraday bearishness is only below 128.50.
Technicals:
On the lower side, immediate support is around 157, breach below will drag the pair to the next level to 155.80/155/154. The minor resistance to be watched is around 158.50, a break above that level confirms intraday bullishness, and a jump to 160/162 is possible.
It is good to sell on rallies around 158 with SL around 159 for the TP of 154.


EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
FxWirePro: USD/JPY upside capped as intervention risk limit upside
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700
FxWirePro: USD/ZAR recovers some ground but outlook is bearish
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700 



