GBPJPY showed a nice pullback on the strong Pound sterling. It hit a high of 186.05 and is currently trading around 185.67.
GBPUSD- Trend- Bearish
The pound sterling jumped more than 200 pips yesterday due to weak US economic data. The US private sector has added 177000 jobs in August, below expectations of 194000. The US economy increased at an annualized pace of 2.1% in the second quarter, compared to a forecast of 2.4%.
Any break above 1.2750 confirms further bullishness. Markest eye US PCE data for further direction.
USDJPY- Neutral
The pair trades below after dismal US jobs data. The significant resistance is 147.40/148.
GBPJPY analysis-
The near-term resistance is around 186, a breach above targets 186.50/187/188.50. The immediate support is at 185.25, any violation below will drag the pair to 184.70/184/183.35.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 185 with SL around 184 for TP of 188.


FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: EUR/AUD under pressure as key support gives way
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout 



