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 pared some of its gains on a minor US dollar pullback. The US dollar index benefited from safe-haven flows due to the escalation of tension between Israel and Hamas. Markets eye developments in the war between the two nations for further direction. Any close above 1.2275 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 182.20, 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.


FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: USD/CAD extends decline on broad dollar weakness 



