GBPJPY showed a minor pullback on the strong pound sterling. It hits an intraday high of 166.71 and is currently trading around 166.623.
GBPUSD- Trend- Bullish
The pound sterling recovered more than 100 pips on board based on the US dollar weakness. US conference board consumer confidence declined to 101.30 lowest level since July 2022, compared to a forecast of 104.10. US Richmond Manufacturing Index Apr -10 Vs. Expected -8.
Market eyes US Durable goods orders for further direction. Any close above 1.2500 will take the pair to 1.2580/1.2650.
USDJPY- Bullish
The pair lost more than 100 pips despite dovish comments by BOJ Kazu Ueda. Significant resistance is 135.25/136.
GBPJPY analysis-
The near-term support is around 165.40, a breach below the targets of 165/164. The immediate resistance is at 167, 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 165.50 with SL around 164.50 for a TP of 170.


FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro- Major Pair levels and bias summary
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro- Woodies pivot (Major)
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro- Major Crypto levels and bias summary 



