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GBPJPY holds above 180 levels ahead of the US Nonfarm payroll. It hit a high of 181.24 and is currently trading at around 181.12.
GBPUSD- Trend- Bearish
The pound sterling holds above 1.21500 ahead of US Nonfarm payroll data. The number of people who have filed for unemployment benefits rose by 2000 to 207000 in the week ending September 30th, 2023. Any close above 1.2200 confirms further bullishness.
USDJPY- Bullish
The pair pared some of its gains on easing US treasury yield. The significant resistance is 150/152.
GBPJPY analysis-
The near-term resistance is around 181.50, a breach above targets 182.50/183.35/183.85/184.60/185. The immediate support is at 179.50, any violation below will drag the pair to 178/176.50.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Neutral
It is good to sell on rallies around 181.50-55 with SL around 182.50 for the TP of 176.50.
