FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 
FxWirePro: AUD/USD dips on soft China data 
FxWirePro: GBP/USD dips on UK GDP data miss 
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/JPY caught in narrow range, bias bearish 
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
FxWirePro: GBP/AUD recovers slightly but bears are not done yet 
GBPJPY trades weak for the past three days on the declining Pound Sterling. It rebounded slightly against the US dollar after BOE measures to ease market turmoil. It has announced a two-week emergency purchase program to double the size of gilts buying. Any breach above 1.1200 confirms intraday bullishness. Technically in the 4-hour chart, GBPJPY holds below short-term 21-EMA,551 EMA, and long-term 200 EMA (161.87). Any convincing break below 160.75 will take the pair to the next level 160/159/158. GBPJPY hits an intraday low of 160.72 and is currently trading around 161.05.
The near-term resistance is around 161.87, a breach above targets 162.70/163.40/164.45.
Indicators (4-hour chart)
CCI (50) – Neutral
ADX- Neutral
It is good to sell on rallies around 161.45-50 with SL around 162.50 for a TP of 159/158.
