GBPJPY is trading higher for the second consecutive day and holding above 160. A minor weakness in the Japanese yen is supporting the pair at lower levels. The pound sterling consolidates in a narrow range between 1.31825 and 1.30858 for the past three days. Any breach below 1.310 confirms the intraday bearishness.
USDJPY
USDJPY surged to 123.03 after an upbeat Jobless rate. The US unemployment rate declined to 3.6% from the previous month's 3.7%. Intraday bullish continuation only if it breaks 123.20.
Technicals:
On the lower side, immediate support is around 160.40, breach below will drag the pair to the next level to 160/159.40/159. The minor resistance to be watched is around 161.20, break above that level confirms intraday bullishness, and a jump till 162/164 is possible.
It is good to sell on rallies 161.25-30 with SL around 162 for the TP of 158.


FxWirePro- Major European Indices
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Pair levels and bias summary 



