GBPJPY holds above 172.50 on the strong pound sterling. It hits an intraday high of 172.79 and is currently trading around 172.732.
GBPUSD- Trend- Neutral
The pound sterling gained above 1.24500 on upbeat UK CPI data. UK annual inflation jumps to 6.8%, the highest since Mar 1992. Core CPI m/m came at 1.30% vs 0.70% expected. Any break above 1.2485 confirms further bullishness.
USDJPY- Bullish
The pair pared some of its gains after hitting six months high on the US debt deal delay. Significant resistance is 139/140.
GBPJPY analysis-
The near-term support is around 171.50, a breach below the targets of 170/169.30/168.80. The immediate resistance is at 172.50, any violation above will take the pair to 175.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 172 with SL around 171 for a TP of 174


JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro:USD/JPY hovers near a four-decade low
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro- Major Pair levels and bias summary
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 



