GBPJPY pared some of its gains amid geopolitical tension. It hit a high of 182.97 and is currently trading at around 181.94.
GBPUSD- Trend- Bearish
The pound sterling lost its shine after Hamas's surprise strike in Israel. The US economy has added 336000 jobs in Sep, compared to a forecast of 170000. The unemployment rate surged to 3.8% vs. an estimated 3.70%. Any close above 1.2260 confirms further bullishness.
USDJPY- Bullish
The pair pared some of its gains on safe-haven demand. The significant resistance is 150/152.
GBPJPY analysis-
The near-term resistance is around 182, a breach above targets 183/183.35/183.85/184.60/185. The immediate support is at 180.70, any violation below will drag the pair to 180/178/176.50.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Neutral
It is good to sell on rallies around 182 with SL around 183 for the TP of 178/176.50.
