GBPJPY trading in a narrow range between 158.57 and 161.03 after a major sell-off. It hits a low of 159.63 and is currently trading around 159.79.
GBPUSD- Trend- Bearish
The cable showed a minor pullback despite weak UK GDP data. UK economy contracted by 0.30% in the third quarter, below the estimate of -0.20%. Markets eye US final GDP and initial jobless claims for further direction. Any break below 1.2050 confirms further bearishness.
USDJPY- Bearish
The pair consolidates after 600 pips decline, the biggest single-day slump in 24 years. Any close above 133 confirms a bullish continuation. Minor support is 131.50/130.
GBPJPY analysis-
The near-term support is around 158.50, a breach below targets 156/155. The immediate resistance is at 160.25, a jump above will take the pair to 161.10/161.85/163.
Indicators (4-hour chart)
CCI (50) – Bearish
ADX- Bearish
It is good to sell on rallies around 162 with SL 163 for a TP of 158.


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: USD/CAD edges lower but bullish outlook persists
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: USD/ZAR retreats slightly but bias is bullish
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/AUD under pressure as pound continues to weaken
Crypto Bias Report: Trend Signals and Top Bullish Picks
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro- Major Pair levels and bias summary 



