GBPJPY is trading flat after a minor pullback. It hit a high of 187.02 and is currently trading at around 186.46.
GBPUSD- Trend- Neutral
The pound sterling jumped sharply on board-based US dollar selling. Bank of England's hawkish comments due to Middle East conflict supporting the Pound sterling at lower levels. Markets eye the Euro zone and UK PMI for further direction. Any close above 1.2550 confirms further bullishness.
USDJPY- Bullish
The pair lost its shine on easing US treasury yield. The significant resistance is 152/153.
The near-term resistance is around 187, a breach above targets 188.35/ 189.20/190. The immediate support is at 184.50, any violation below will drag the pair to 183.60/182.50.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Bearish
It is good to buy on dips around 186 with SL around 185 for the TP of 188.
