GBPJPY trades in a narrow range between 163.97 and 161.15 for the past three days. The minor profit booking in pound sterling puts pressure on the pair at higher levels. The Brexit pessimism and political uncertainty cap cable upside. USDJPY pared some of its gains made the previous week. Technically in the 4-hour chart, the pair is holding above short-term 21-EMA, above 55 EMA, and below long-term 200 EMA (163.45). Any violation above 164 will take to next level 165.25/166.20. GBPJPY hits an intraday high of 163.84 and is currently trading around 163.30.
The near-term support is around 163, a breach below targets 161.80/161.
Indicators (4-hour chart)
CCI (50) – Bullish
ADX- Neutral
It is good to buy above 164 with SL around 163 for TP of 166.25.
Or
Good to sell below 163 with SL around 164 for TP of 161.


AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro- Major Crypto levels and bias summary
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Major Crypto levels and bias summary
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 



