FxWirePro- GBPJPY Daily Outlook
GBPJPY pared most of its gains made this week on the weak pound sterling. It hits a low of 172.85 and is currently trading around 173.46.
GBPUSD- Trend- Bearish
The pound sterling recovered after poor US economic data. US ISM services PMI came at 50.30 in May, below the estimate of 52.60. Any break below 1.2360 confirms further bearishness.
USDJPY- Bullish
The pair trades lower in hopes of a rate pause by the Fed. Significant resistance is 141/142.
GBPJPY analysis-
The near-term support is around 172.50, a breach below targets 171.80/171/170. The immediate resistance is at 175, any violation above will take the pair to 176/177.
Indicators (4-hour chart)
CCI (50)- Neutral
ADX- Neutral
It is good to sell on rallies around 174.25-30 with SL around 176 for a TP of 172.50.


Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary 



