GBPJPY consolidating in a narrow range between 184.38 and 182.51 for the past ten days. It hit a high of 183.09 at the time of writing and is currently trading around 183.
GBPUSD- Trend- Bearish
The pound sterling hits a multi-month low on board-based US dollar buying. Markets eye UK CPI and BOE rate decision for further direction. Any break below 1.2380 confirms further bearishness.
USDJPY- Bullish
The pair hovering near a multi-month high despite the easing US treasury yield. The significant resistance is 148/150.
GBPJPY analysis-
The near-term resistance is around 183.35, a breach above targets 183.85/184.60/185. The immediate support is at 182.50, any violation below will drag the pair to 182/180.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- bearish
It is good to sell on rallies around 183.75-80 with SL around 185 for the TP of 180.


FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro- Woodies Pivot(Major)
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: USD/JPY holding bid into weekend
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro- Major European Indices
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: EUR/AUD under pressure as key support gives way 



