GBPJPY jumped more than 150 pips yesterday on a strong pullback in the Pound sterling. It hits a high of 164.624 at the time of writing and is currently trading around 164.627.
GBPUSD- Trend- Bullish
The pound sterling recovered above 1.2000 levels after UK PM and European Commission President announced new post-Brexit trade rules for North Ireland. The hopes of further rate hikes by the BOE also support GBP at lower levels. Any close above 1.2070 will push the GBPUSD higher to 1.2150.
USDJPY- Bullish
The pair trades above 136.5 on dovish comments from the Bank of Japan. Major resistance is 137.15/138.
GBPJPY analysis-
The near-term support is around 163.70, a breach below targets of 163/162.50/161. The immediate resistance is at 164.50, any violation above will take the pair to 165/166/167.01.
Indicators (4-hour chart)
CCI (50) –Bullish
ADX- Bullish
It is good to buy on dips around 164.35-40 with SL around 163.70 for a TP of 166/167.


FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro- Major Crypto levels and bias summary
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: USD/CAD bulls continue to hold the higher ground
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro- Major Pair levels and bias summary 



