Crypto Bias Report: Trend Signals and Top Bullish Picks 
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro- Woodies pivot (Major) 
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/CAD edges lower but bullish outlook persists 
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro- Major Crypto levels and bias summary 
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 
FxWirePro: GBP/AUD bears maintain upper hand 
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 
GBPJPY pared some of its gains yesterday on the weak Pound sterling. It lost its shine after Kwarteng said that the Bank of England will be to blame if UK markets slide next week. Markets eye US CPI data for further direction. The geopolitical tension between Russia and Ukraine also puts pressure on cable at higher levels. Any breach above 1.11850 confirms further bullishness. Technically in the 4-hour chart, GBPJPY holds above short-term 21-EMA, 55- EMA, and long-term 200 EMA (161.814). Any convincing break below 162.30 will take the pair to the next level 161.65/161/160. GBPJPY hits an intraday low of 162.31 and is currently trading around 162.77.
The near-term resistance is around 163.50, a breach above targets 164.45/165.
Indicators (4-hour chart)
CCI (50) – Bullish
ADX- Neutral
It is good to sell on rallies around 162.75-80 with SL around 163.50 for a TP of 159/158.
