Chart pattern- Bearish divergence
GBPJPY has broken the 2022 high of 172.12 and jumped to 172.31 on a weak yen. It hits a high of 172.313 and is currently trading around 172.04.
GBPUSD- Trend- Bullish
The pound sterling pared some of its gains made the previous week after the inflation report. According to British Retail Consortium (BRC), food prices rose to 15.7% YoY in Apr, the biggest annual increase since 2005. Market eyes US fed monetary policy this week for further direction. Any close above 1.2580 will take the pair to 1.2650/1.2700.
USDJPY- Bullish
The pair consolidated in a narrow range after a massive buying. Significant resistance is 138/140.
GBPJPY analysis-
The near-term support is around 171.80, a breach below the targets of 170/168.85/168. The immediate resistance is at 172.50, any violation above will take the pair to 174/175.
Indicators (Monthly chart)
CCI (50)- Bullish
ADX- Bullish
It is good to sell on rallies around 172.15-20 with SL around 173 for a TP of 168.85.


AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/AUD bears maintain upper hand
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: GBP/AUD under pressure as pound continues to weaken
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral 



