FxWirePro: USD/CAD pauses decline,critical support lies ahead 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet 
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100 
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
FxWirePro: AUD/USD dips on soft China data 
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance 
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop 
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path 
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115? 
FxWirePro: GBP/USD steadies ahead key data, BoE event risk 
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
Candlestick Pattern- Shooting star
GBPJPY pared some of its gains made the previous week on profit booking. The pair was one of the best performers in the past month and surged 1000 pips on the bullish strong pound sterling. It gained sharply after the election of new UK PM Rishi Sunak. GBPUSD hovering around 1.1500 ahead of Fed monetary policy meeting. A violation above 1.15660 confirms further bullishness, a jump to 1.11650 is possible. Technically in the 4-hour chart, GBPJPY holds above short-term 21-EMA, 55- EMA, and long-term 200 EMA (165.94). Any convincing close above 168.70 will drag the pair to the next level 168/167.40. GBPJPY hits an intraday low of 169.18 and is currently trading around 169.447.
The near-term resistance is around 170, a breach above targets 172.20/175.
Indicators (4-hour chart)
CCI (50) – Bullish
ADX- neutral
It is good to sell on rallies around 169.95-170 with SL around 172 for a TP of 165.
