GBPJPY pared some of its gains on the strong yen. It hits an intraday low of 160.76 and is currently trading around 160.76.
GBPUSD- Trend- Bearish
The pound sterling gained yesterday after BOE Chairman Bailey said that the central bank would focus on inflation for monetary policy decisions despite the banking crisis. Any close above 1.2350 will pull the pair to 1.2400.
USDJPY- Bearish
The pair declined slightly after hitting a high of 131.75 on board-based US dollar selling. Major support is 130.50/129.
GBPJPY analysis-
The near-term support is around 160.70, a breach below the targets of 159.75/158.95/158.50. The immediate resistance is at 161.20, any violation above will take the pair to 161.85/162.20.
Indicators (4-hour chart)
CCI (50)- Neutral
ADX- Neutral
It is good to sell on rallies around 161.45-50 with SL around 162.25 for a TP of 159.


BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: GBP/NZD gains some ground but outlook is bearish
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: USD/ZAR retreats slightly but bias is bullish 



