GBPJPY trades flat after a massive sell-off. It hit a low of 180.75 the previous week and is currently trading at around 181.547.
GBPUSD- Trend- Bearish
The pound sterling has been under selling pressure for the past five weeks. The BOE's rate paused dragging the pair further down. The probability of rate pausing by BOE increased to 75% from 50%. Any close below 1.2220 confirms further weakness.
USDJPY- Bullish
The pair hits a fresh high on strong US treasury yields. The significant resistance is 148.50/150.
GBPJPY analysis-
The near-term resistance is around 182.50, a breach above targets 183.35/183.85/184.60/185. The immediate support is at 180.70, any violation below will drag the pair to 180/176.50.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- bearish
It is good to sell on rallies around 182.55-60 with SL around 183.35 for the TP of 180.


FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: USD/ZAR bears maintain upper hand
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations 



