GBPJPY showed a minor sell-off on the strong yen. It hit a low of 187.05 at the time of writing and is currently trading at around 187.17.
GBPUSD- Trend- Bullish
The pound sterling traded higher for a third consecutive week on board-based US dollar weakness new home sales in Oct 2023 came at 679000 compared to a forecast of 725000. Market eyes CB consumer confidence for further direction. Any close above 1.2650 confirms further bullishness.
USDJPY- Bearish
The pair pared most of its gains on weak US new home sales. The significant support is 147/145.
The near-term resistance is around 188.65, a breach above targets 189.20/190. The immediate support is at 187, any violation below will drag the pair to 186.50/185.40
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to sell on rallies around 188 with SL around 189 for the TP of 186.


FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: USD/JPY edges higher but bulls lack punch
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro- Major Crypto levels and bias summary
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro- Major Pair levels and bias summary
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: EUR/AUD downward momentum remains in place 



