EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
FxWirePro:USD/JPY hovers near a four-decade low 
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD bears maintain upper hand 
Crypto Bias Report: Trend Signals and Top Bullish Picks 
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
GBPJPY continues to trade weak for the past four days and lost more than 300 pips on the weak pound sterling. It has broken significant support at 1.17500 and trades below that level on board-based US dollar. Markets eye UK PMI data for further direction. Technically in the 4-hour chart, the pair is holding below short-term 21-EMA, 55 EMA, and below long-term 200 EMA (162.84). Any violation below 160.80 takes to the next level 160//159/158.GBPJPY hits an intraday low of 160.80 and is currently trading around 161.32.
The near-term resistance is around 162, a breach above targets 163/164.
Indicators (4-hour chart)
CCI (50) – Bearish
ADX- Neutral
It is good to sell on rallies around 161.75-80 with SL around 162 for TP of 159.
