GBPJPY is trading flat ahead of the Bank of England's monetary policy. It hits a high of 181.60 yesterday and is currently trading around 180.80
GBPUSD- Trend- Bullish
The pound sterling climbed above 1.2750 on BOE decision day. Markets expect a 25 bpbs rate hike by the central bank. Any hawkish commentary by BOE Governor Bailey will push the pound sterling higher. Any break below 1.2690 confirms intraday bearishness.
USDJPY- Bullish
The pair pared some of its gains despite the hawkish Fed Chairman Speech. Significant Resistance is 142.25/143.
GBPJPY analysis-
The near-term support is around 180.50, a breach below targets 180/178.80. The immediate resistance is at 182.40, any violation above will take the pair to 183/184.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Neutral
It is good to buy on dips around 180 with SL around 179 for a TP of 185.


FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/USD dips lower on negative UK retail sales data
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Major Crypto levels and bias summary
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 



