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AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85 
GBPJPY breaks significant resistance at 166.40 and surged to 166.83 on the strong pound sterling. It has shown a minor retracement ahead of the UK autumn budget. Any close above 1.1950 confirms further bullishness; a jump to 1.2000/1.2100 is possible. Technically in the 4-hour chart, GBPJPY holds above 21-EMA, 55- EMA, and long-term 200 EMA (166.19). Any convincing close above 166.85 will take it to the next level 167.61/168.50. GBPJPY hits an intraday high of 166.68 and is currently trading around 166.56.
The near-term support is around 165, a breach below targets 164.40/163.65/163.
Indicators (4-hour chart)
CCI (50) – Bullish
ADX- Neutral
It is good to buy on dips around 166 with SL 165 for a TP of 168.
