GBPJPY surged more than 100 pip from the minor bottom on the pound sterling pullback. It hits an intraday high of 180.91 and is currently trading around 181.57.
GBPUSD- Trend- Bullish
The pound sterling showed a minor pullback on strong UK retail sales. It rose 0.70% m/m in June, compared to a forecast of 0.20%. This has increased the chance of a rate hike by BOE in the next meeting. Any break above 1.2900 confirms intraday bullishness.
USDJPY- Bullish
The pair trades above the 140 level on the US treasury yield pullback. Significant resistance is 140.70/142.
GBPJPY analysis-
The near-term support is around 179.80, a breach below the target of 179.25/178. The immediate resistance is at 180.85, any violation above will take the pair to 182/183/184.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Bearish
It is good to buy on dips around 180.68-70 with SL around 179.70 for a TP of 184.


FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/ZAR edges higher but bearish outlook persists
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major European Indices
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
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 



