FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level 
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop 
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115? 
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15 
FxWirePro- Major Pair levels and bias summary 
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000? 
FxWirePro: GBP/USD steadies ahead key data, BoE event risk 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet 
GBPJPY was one of the best performers in the past 10 days on the strong Pound sterling. GBP gained against all majors after UK chancellor Hunt scarped all tax cuts introduced by the new government. Bank of England also expected to delay quantitative tightening. Any breach below 1.1300 will drag GBPUSD to 1.1190. Technically in the 4-hour chart, GBPJPY holds above short-term 21-EMA, 55- EMA, and long-term 200 EMA (162.36). Any convincing break above 170 will take the pair to the next level 172/175. GBPJPY hits an intraday low of 168.44 and is currently trading around 167.709.
The near-term support is around 167.85, a breach below targets 166/165.
Indicators (4-hour chart)
CCI (50) – Bullish
ADX- bullish
It is good to buy on dips around 168 with SL around 166.80 for a TP of 172.
