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EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
GBPJPY is in the consolidation phase after a minor pullback to 162.17. It hits a high of 161.738 at the time of writing and is currently trading around 161.57.
GBPUSD- Trend- Bearish
The pound sterling traded flat ahead of UK flash PMI data. Any upbeat flash manufacturing and services PMI data will push GBP higher. Any close above 1.2075 targets 1.2150.
USDJPY- Bearish
The pair gained slightly despite the hawkish BOJ. The jump in US treasury yield supports the pair at lower levels. Major resistance is 134.80/136.
GBPJPY analysis-
The near-term support is around 161.40, a breach below targets of 161/160.35/160/159/158/156.70/155.60/155. The immediate resistance is at 162.20, any violation above will take the pair to 163/165.
Indicators (4-hour chart)
CCI (50) –bullish
ADX- Neutral
It is good to buy on dips around 160.50-55 with SL around 159 for a TP of 163/165.
