GBPJPY traded higher for a third consecutive week and surged more than 12% on a weak yen. It hits an intraday high of 182.94 and is currently trading around 182.84.
GBPUSD- Trend- Bullish
The pound sterling erased most of its gains made after the Bank of England hiked rates by 50 bpbs. Any break above 1.2750 confirms intraday bullishness.
USDJPY- Bullish
The pair hits fresh week high on surge in US treasury yield. Significant Resistance is 144/145.
GBPJPY analysis-
The near-term support is around 182.50, a breach below targets 181.80/181. The immediate resistance is at 183, any violation above will take the pair to 184/185.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 181.55-60 with SL around 181 for a TP of 185.


FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro- Major European Indices
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: USD/CAD recovers slightly but bearish outlook persists 



