GBPJPY is consolidating after a nice pullback on the strong Pound sterling. It hit a high of 183.814 and is currently trading at around 183.61.
GBPUSD- Trend- Neutral
The pound sterling showed a minor sell-off amid mixed UK economic data. The UK economy grew by 0.20% in Aug, in line with the estimate. UK construction output and industrial production came below estimate. Markets eyes US CPI data today for further direction. Any close above 1.2350 confirms further bullishness.
USDJPY- Bullish
The pair trades flat ahead of US CPI data. The significant resistance is 150/152.
GBPJPY analysis-
The near-term resistance is around 184, a breach above targets 184.60/185/186. The immediate support is at 183.30, any violation below will drag the pair to 182.50/181.50/180.70/178/176.50.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Neutral
It is good to buy on dips around 183 with SL around 182 for the TP of 186.


FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro- Major Pair levels and bias summary
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro- Woodies pivot (Major) 



