Major Intraday resistance -154.25
Intraday support- 153.40
GBPJPY is trading higher for the second consecutive week and surged more than 350 pips on board based on Japanese yen weakness. The Pound sterling is holding above 1.3650 level after hawkish Bank of England. GBPJPY hits an intraday high of 154.09 and is currently trading around 154.05.
USDJPY- Analysis
The pair hits a 3-year high amid surging US bond yields. Any breach above 112.80 confirms bullish continuation.
CCI Analysis-
The CCI (50) and Woodies CCI are showing a bullish trend. In Woodies CCI six consecutive bars above zero (bullish trend).
Technical:
The pair's immediate resistance is around 154.25, any surge above targets 155/155.60. Significant bullish continuation if it breaks 154.25. On the lower side, near-term support is around 153.40. Any indicative violation below targets 153/152.50/152.
Indicator (4-Hour chart)
Directional movement index –Bullish
It is good to buy on dips around 153.55-60 SL around 152.80 for a TP of 155.60.


FxWirePro- Major European Indices
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
FxWirePro: EUR/ NZD stuck in range but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD edges higher but outlook is bearish
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
FxWirePro: NZD/USD dips as Middle East tensions weigh on sentiment 



