FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900 
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance 
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments 
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects 
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data 
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level 
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias 
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations 
FxWirePro: GBP/NZD remains bullish as rally continues 
GBPJPY recovered more than 200 pips on the strong pound sterling. It hits an intraday high of 166.10 and is currently trading around 165.93.
GBPUSD- Trend- Bullish
Cable jumped sharply after hitting a low of 1.21339 one upbeat market sentiment. The easing of Covid restrictions in China and the dovish Fed chairman speech dragged the US dollar index further down. Any weekly close above 1.2315 (55-W EMA) confirms further bullishness.
USDJPY- Bearish
The pair showed a minor pullback after hitting a low of 133.61 due to an uptick in US bond yields and easing Covid restrictions. It hits a low of 133.904 and is trading around 134.95. Any daily close above 135 confirms further bullishness. Minor support is 133.60/131.65.
GBPJPY analysis-
The near-term support is around 165, a breach below targets 164/163/160. The immediate resistance is around 166.60, a jump above will take the pair to 167/167.50/169.10/170.
Indicators (4-hour chart)
CCI (50) – Bearish
ADX- Bearish
It is good to sell on rallies around 165.95-66 with SL 167 for a TP of 160.
