GBPJPY pared some of its gains on the weak Pound sterling. It has halted its two weeks of bullish trend against the US dollar and lost more than 150 pips. Investors started preferring safe assets like the US dollar after China reported 2 new deaths due to COVID. Any close below 1.1800 confirms further bearishness; a dip to 1.1700 is possible. Technically in the 4-hour chart, GBPJPY holds above 21-EMA, 55- EMA, and long-term 200 EMA (166.11). Any convincing close above 167.40 will take it to the next level 168.50/169/170. GBPJPY hits an intraday high of 166.94 and is currently trading around 166.806.
The minor pullback in USDJPY above 141 supports the pair at a lower level.
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.


FxWirePro: USD/ZAR sell bias remains below key resistance zone
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: EUR/AUD downward momentum remains in place
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR recovers some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary 



