GBPJPY trades flat ahead of UK employment data. The pound sterling lost its shine despite the BOE emergency bond-buying program. The demand for the USD increased due to the escalation of tension between Russia and Ukraine. Markets eye UK claimant count change and BOE Bailey's speech for further direction. Any breach below 1.1000 confirms further bearishness 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 will take the pair to the next level 159/158. GBPJPY hits an intraday high of 161.13 and is currently trading around 160.99.
The near-term resistance is around 161.87, a breach above targets 162.70/163.40/164.45.
Indicators (4-hour chart)
CCI (50) – Bearish
ADX- Neutral
It is good to sell on rallies around 161.45-50 with SL around 162.50 for a TP of 159/158.


Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD dips on soft China data
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro- Woodies Pivot(Major)
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro- Major European Indices
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 



