GBPJPY showed a minor sell-off as bearish yen offsets Pound sterling weakness. It hits a low of 171.22 yesterday and is currently trading around 172.42.
GBPUSD- Trend- Bearish
The pound sterling hits a fresh six-week high on board-based US dollar buying. BOE Governor Bailey said that inflation is high and taking a long to come down. Markets eye for US debt negotiations deals for further direction. Any break below 1.2320 confirms further bearishness.
USDJPY- Bullish
The pair hits a fresh five-month high on surging US treasury yield. Significant resistance is 140/142.
GBPJPY analysis-
The near-term support is around 171.65 a breach below the targets of 171.20/170/169.30/168.80. The immediate resistance is at 172.50, any violation above will take the pair to 175.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Neutral
It is good to buy on dips around 170 with SL around 169.30 for a TP of 172.40.


FxWirePro- Major European Indices
FxWirePro: GBP/NZD remains bullish as rally continues
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro-Major European Indices
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: USD/ZAR bears maintain upper hand
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 



