GBPJPY recovered above 160 on the strong pound sterling. It hits an intraday high of 160.13 and is currently trading around 160.10.
GBPUSD- Trend- Bullish
The cable jumped more than 300 pips after mixed US jobs data. The US economy added 223000 jobs in Dec, lower than 256K (revised data for Dec). Unemployment declined to 3.5%, a per-pandemic low. Average hourly earnings m/m came at 0.30%, below the estimate of 0.40%. Any close above 1.2200 will take the pair to 1.2250/1.2270.
USDJPY- Bearish
The pair pared most of its gains after a minor pullback to 134.77. Major resistance is 132.70/134/134.80.
GBPJPY analysis-
The near-term support is around 159.80, a breach below targets of 159/158.50/157.70. The immediate resistance is around 160.60, a jump above will take the pair to 161.50/163.
Indicators (4-hour chart)
CCI (50) –Bullish
ADX- Bullish
It is good to buy on dips around 160.38-40 with SL around 159.80 for a TP of 163.


FxWirePro: GBP/NZD remains bullish as rally continues
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 



