GBPJPY is trading flat after the previous week's sell-off. It hits a high of 159.14 and is currently trading around 158.572.
GBPUSD- Trend- Bearish
The pound sterling trades higher despite hawkish comments from Fed speakers. Markets eye BOE Governor Bailey's testimony for further direction. Any daily close above 1.2120 will push the pair to 1.2200/1.2250.
USDJPY- Bearish
The pair lost more than 200 pips on risk aversion. Major support is 130/129.
GBPJPY analysis-
The near-term support is around 158, a breach below targets of 156.70/155.60/155. The immediate resistance is around 159.20, any violation above will take the pair to 160/161.80/163.
Indicators (4-hour chart)
CCI (50) –bearish
ADX- Bearish
It is good to sell on rallies around 159 with SL around 160.20 for a TP of 155.


ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: EUR/NZD edges lower but bullish outlook persists
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout 



