GBPJPY showed a massive sell-off of more than 700 pips on the strong yen. It hit a low of 178.53 yesterday. It is currently trading at around 181.17.
GBPUSD- Trend- Bullish
The pound sterling is trading flat ahead of the US Nonfarm payroll. The number of people who have filed for unemployment benefits rose by 1000 to 220K for the week ending Dec 2, compared to a forecast of 221 K. Any close below 1.2500 confirms further bearishness.
USDJPY- Bearish
The pair lost its momentum in hopes of a rate hike by BOJ in 2024. The significant support is 141.50/140.
GBPJPY
The near-term resistance is around 181.50 a breach above targets 183/184. The immediate support is at 178, any violation below will drag the pair to 176/175.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Bearish
It is good to sell on rallies around 182 with SL around 183 for the TP of 176.


FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
FxWirePro- Major Crypto levels and bias summary 



