GBPJPY showed a minor pullback on the weak yen. It hits an intraday high of 162.98 and is currently trading around 162.915.
GBPUSD- Trend- Bullish
The pound sterling lost its shine and hit a fresh year low on board-based US dollar buying. Fed chairman Powell clearly stated that the central bank is likely to increase rates more than anticipated. Any close below 1.1800 will pull the pair to 1.1700.
USDJPY- Bullish
The pair surged sharply and hit the highest level since Dec 7th, 2022 due to policy divergence between US Fed and BOJ. Significant resistance is 138/140.
GBPJPY analysis-
The near-term support is around 162.50, a breach below the targets of 161.70/161. The immediate resistance is at 163.20, any violation above will take the pair to 164/165/166/167.01.
Indicators (4-hour chart)
CCI (50) –Bearish
ADX- Neutral
It is good to sell on rallies around 163.45-50 with an SL of 164.20 for a TP of 162/161.70.


Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Woodies pivot (Major)
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro- Woodies pivot (Major) 



