FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 
FxWirePro: NZD/USD downside pressure builds, key support level in focus 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments 
FxWirePro- Major European Indices 
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900 
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data 
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations 
FxWirePro: GBP/NZD remains bullish as rally continues 
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level 
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting 
FxWirePro- Woodies Pivot(Major) 
GBPJPY pared most of its gains made on Monday. The pound sterling declined sharply ahead of the first estimate of the UK GDP data. Bank of England hiked rates by 75 bpbs the previous Thursday with a dovish stance. The central has warned of a recession at end of this year and planning to go for smaller rate hikes in near future despite high inflation. Any violation below 1.1300 confirms further bearishness; a dip to 1.1500 is possible. Technically in the 4-hour chart, GBPJPY holds above short-term 21-EMA, 55- EMA, and above long-term 200 EMA (166.36). Any convincing close below 165 will drag the pair to the next level 163.80/163. GBPJPY hits an intraday low of 168.42 and is currently trading around 166.47.
The near-term resistance is around 167, a breach above targets 168/169.10/170/172.
Indicators (4-hour chart)
CCI (50) – Bearish
ADX- Neutral
It is good to sell on rallies around 169 with SL around 170 for a TP of 163.95.
