GBPJPY lost its shine on the weak Pound sterling. It hit a low of 185.51 at the time of writing and is currently trading at around 186.10.
GBPUSD- Trend- Bullish
The pound sterling pared most of its gains as demand for riskier assets declined. The renewed Geo political tension between Israel and Hamas supports the US dollar at lower levels. Any close below 1.2600 confirms further bearishness.
USDJPY- Bearish
The pair trades weak on dovish-fed expectations. The significant support is 146.50/145.
GBPJPY
The near-term resistance is around 186.20, a breach above targets 186.60/187.50/188.65. The immediate support is at 185, any violation below will drag the pair to 184.50/183.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Bearish
It is good to sell on rallies around 186 with SL around 187 for the TP of 184.


FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro- Woodies Pivot(Major)
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom
FxWirePro- Major Pair levels and bias summary
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone 



