GBPJPY showed a minor pullback on the pound sterling recovery. It hit a high of 184.36 and is currently trading around 184.32.
GBPUSD- Trend- Bearish
The pound sterling lost more than 150 pips after dismal UK flash PMI. S&P global manufacturing PMI dropped to 42.50 in August, compared to a forecast of 45.10. The flash services PMI is down marginally to 51 vs. an estimate of 52.10. Any break below 1.2600 confirms further bearishness.
USDJPY- Neutral
The pair trades below ahead of the Jackson Hole symposium. The significant resistance is 146/147.
GBPJPY analysis-
The near-term resistance is around 184.85, a breach above targets 185.48/186/186.50. The immediate support is at 183.35, any violation below will drag the pair to 182/181.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- bearish
It is good to sell on rallies around 185 with SL around 186 for a TP of 180.60.


FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 



