GBPJPY trades higher for a third consecutive week on a weak yen. It hits an intraday high of 167.22 and is currently trading around 166.77.
GBPUSD- Trend- Bearish
The pound sterling trades slightly lower as demand for risk aversion increases. Any close above 1.2500 will take the pair to 1.2580/1.2650.
USDJPY- Bullish
The pair gained more than 50 pips on declining US treasury yields. Significant support is 133.69/132.77.
GBPJPY analysis-
The near-term support is around 166, a breach below the targets of 165/164. The immediate resistance is at 168, any violation above will take the pair to 170.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Neutral
It is good to buy on dips around 166 with SL around 165 for a TP of 170.


BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/ZAR retreats slightly but bias is bullish 



