GBPJPY pared some of its gains after weak US CPI data. The pair lost its shine on the strong yen. US dollar tumbled sharply against all majors especially Pound sterling preventing the pair from further downside. Technically in the 4-hour chart, the pair is holding below short-term 21-EMA, 55 EMA, and long-term 200 EMA (163.38). Any violation above 162.80 will take the pair to the next level 163.65/164. GBPJPY hits an intraday low of 161.68 and is currently trading around 162.13.
The near-term support is around 161.50, a breach below targets 161/160/159.
Indicators (4-hour chart)
CCI (50) – Bearish
ADX- Bearish
It is good to sell on rallies around 162.30-35 with SL around 163 for TP of 160.


BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: USD/CAD edges lower but bullish outlook persists
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro: USD/ZAR retreats slightly but bias is bullish
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound 



