GBPJPY trading in a narrow range between 175.76 and 174.34 for the past three days. It hits an intraday high of 175.31 and is currently trading around 175.525.
GBPUSD- Trend- Bearish
The pound sterling climbed sharply after upbeat UK employment data. The number of people who have filed for unemployment benefits dropped to 13600 compared to a forecast of 214000. The unemployment rate dropped to 3.80% in May from 4%. Markets eye US CPI data today for further direction. Any break above 1.2600 confirms further bullishness.
USDJPY- Bullish
The pair is trading in a narrow range between 140.24 and 138.75 ahead of the US CPI. Significant Support is 138.75/138.
GBPJPY analysis-
The near-term support is around 175, a breach below targets 174.70/174. The immediate resistance is at 176, any violation above will take the pair to 177/178.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 175 with SL around 174 for a TP of 177/178.


NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: USD/ZAR retreats slightly but bias is bullish
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/NZD gains some ground but outlook is bearish
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD edges lower but bullish outlook persists 



