GBPJPY pared some of its gains on the strong yen. The pair was one of the worst performers yesterday as global market jitters. It hits an intraday high of 163.72 and is currently trading around 160.65.
GBPUSD- Trend- Bearish
The pound sterling trades flat after a massive sell-off. Bank of England is in emergency talks as the Credit Suisse crisis deepens. Markets eye ECB monetary policy decision for further direction. Any close above 1.2070 will pull the pair to 1.2150.
USDJPY- Bullish
The pair showed a minor pullback on profit booking. Major support is 134/133.
GBPJPY analysis-
The near-term support is around 160, a breach below the targets of 159.20/158. The immediate resistance is at 160.75, any violation above will take the pair to 161.50/162.30.
Indicators (4-hour chart)
CCI (50)- Weak
ADX- Weak
It is good to buy on dips around 160.75 with SL around 160 for a TP of 163


FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro- Woodies pivot (Major)
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 



