GBPJPY recovered sharply on the strong pound sterling. It hits an intraday high of 161.63 and is currently trading around 161.55
GBPUSD- Trend- Bullish
With hopes of stimulus from UK PM Rushi Sunak and board-based US dollar buying Pound sterling gained above the 1.2400 level. Downbeat UK inflation followed by a weak UK jobs report will decrease the chance of a rate hike by the BOE. Any daily close above 1.2450 will take the pair to 1.2500.
USDJPY- Bearish
The pair consolidated in a narrow range between 129.04 and 130.31 for the past two days. Major supports are 129/127.20/125.
GBPJPY analysis-
The near-term support is around 160, a breach below targets of 158.50/157.50/156. The immediate resistance is around 161.50, any violation above will take the pair to 163/164.
Indicators (4-hour chart)
CCI (50) –bullish
ADX- Bullish
It is good to buy on dips around 161 with SL around 160 for TP of 163.


ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD edges lower but bullish outlook persists
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro- Major European Indices
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro- Major Crypto levels and bias summary 



