FxWirePro- GBPJPY Daily Outlook
GBPJPY consolidates in a narrow range after a massive sell-off. The pound sterling hits a fresh two-year low against the US dollar in expectations of another 75 bpbs hike by the Fed in Sep 21st policy meeting. Technically 4-hour chart, holds below short-term 21-EMA, above 55 EMA, and long-term 200 EMA (163.53). Any decline below 162.70 will take the pair to the next level 162/160.80/159. GBPJPY hits an intraday high of 163.405 and is currently trading around 163.332.
The near-term resistance is around 163.60, a breach above targets 164 164.50/165/166.35/167/168/168.70.
Indicators (4-hour chart)
CCI (50) – Bearish
ADX- Bearish
It is good to sell on rallies around 163.95-164 with SL around 165 for TP of 160.60.


FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: USD/ZAR retreats slightly but bias is bullish 



