GBPJPY jumped more than 300 pips yesterday on the weak Yen. It hits a high of 160.16 and is currently trading around 159.52.
GBPUSD- Trend- Bearish
The cable holds above despite hawkish FOMC minutes. Fed members agreed inflation was "unacceptably high" and no participant agreed to lower rates in 2023. The British public's inflation expectations declined to 5.7% in Dec, according to Citi/YouGov. The minor sell-off in the US treasury supports cable at lower levels. Any daily close above 1.2110 will take the pair to 1.2200.
USDJPY- Bearish
The pair recovered sharply after hitting a multi-month low as the Bank of Japan prefers easing monetary policy. Major resistance is 133/134.50.
GBPJPY analysis-
The near-term support is around 158.80, a breach below targets of 158.30/157.75. The immediate resistance is around 160.20, a jump above will take the pair to 160.70/161.50/163.
Indicators (4-hour chart)
CCI (50) –Neutral
ADX- Neutral
It is good to buy above 160.20 with SL around 159.50 for a TP of 163.


EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
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: EUR/AUD uptrend loses steam, remains on bullish path
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro-Major European Indices
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 



