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: AUD/USD dips after RBA Governor speech
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro- Major Crypto levels and bias summary
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro- Woodies pivot (Major)
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



