GBPJPY lost its shine and declined more than 400 pips on the strong yen. It hit a low of 186.43 at the time of writing and is currently trading at around 186.77.
GBPUSD- Trend- Bullish
The pound sterling trades flat ahead of US PCE data.BOE governor Bailey said that the central bank will take necessary actions to bring down inflation to 2%. Any close above 1.2735 confirms further bullishness.
USDJPY- Bearish
The pair trades weak ahead of US PCE data. 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 186.40, any violation below will drag the pair to 185.40/185.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Bearish
It is good to sell on rallies around 188 with SL around 189 for the TP of 186.


FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
FxWirePro: USD/CAD retreats slightly but trend is still bullish
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
Crypto Bias Report: Trend Signals and Top Bullish Picks 



