GBPJPY trades higher for the second consecutive day on a strong yen. It hits an intraday high of 162.70 and is currently trading around 162.67.
GBPUSD- Trend- Bearish
The pound sterling holds above 1.2300 as risk appetite decreases. The easing banking crisis and Fed rate pause hopes weigh on the US dollar. 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 161.70, a breach below the targets of 160.70/159.75/158.95/158.50. The immediate resistance is at 162.80, any violation above will take the pair to 163.30/164/165.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- bullish
It is good to buy on dips around 162.50 with SL around 161.70 for a TP of 165.


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)
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: GBP/AUD bears maintain upper hand
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound 



