GBPJPY trades higher for a third consecutive day on a weak yen. It hits an intraday high of 166.93 and is currently trading around 166.90.
GBPUSD- Trend- Bearish
The pound sterling gained sharply after UK CPI. The annualized CPI declined to 10.1% in Mar, compared to a forecast of 9.8%. Any close above 1.2500 will take the pair to 1.2550/1.2580.
USDJPY- Bullish
The pair gained on hawkish-fed bets. Major support is 133.69/132.77.
GBPJPY analysis-
The near-term support is around 166, a breach below the targets of 165.35/164. The immediate resistance is at 166.60, any violation above will take the pair to 167.25/168.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 167 with SL around 166 for a TP of 170.


FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: USD/CAD bulls continue to hold the higher ground
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro- Major Pair levels and bias summary 



