Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance 
FxWirePro- Major Pair levels and bias summary 
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900 
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path 
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 
FxWirePro: EUR/NZD edges lower but bullish outlook persists 
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206 
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias 
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
FxWirePro- Major European Indices 
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level 
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects 
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations 
GBPJPY pared some of its gains after hitting one week high on the strong yen. It gained strongly against the USD after dovish Fed minutes. The FOMC minutes indicate that a "substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate,". The minor pullback in pound sterling prevents the pair from further downside Any close above 1.2100 confirms further bullishness, and a jump to 1.2180 is possible. Technically in the 4-hour chart, GBPJPY holds above 21-EMA, 55- EMA, and long-term 200 EMA (166.40). Any convincing close above 169.10 will take it to the next level 170/172. GBPJPY hits an intraday low of 167.50 and is currently trading around 168.02
.
The near-term support is around 167.50, a breach below targets 167/166.20/165.
Indicators (4-hour chart)
CCI (50) – Bullish
ADX- Neutral
It is good to buy on dips around 167 with SL 166.20 for a TP of 169.
