GBPJPY showed a nice pullback on the strong Pound sterling. It hit a high of 183.75 at the time of writing and is currently trading at around 183.30.
GBPUSD- Trend- Bearish
The pound sterling jumped slightly after mixed UK employment data. The ILO unemployment rate declined slightly to 4.2% in the quarter to Aug, compared to a forecast of 4.30%. The number of people who have filed for unemployment benefits jumped by 20.4K in Sep vs. an Estimate 2.3K. Any close above 1.2350 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 184, a breach above targets 185/185.85/186.75. The immediate support is at 183, any violation below will drag the pair to 182.50/181.30.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 183.25-30 with SL around 182.50 for the TP of 186.


FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro- Major Crypto levels and bias summary
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro- Major Pair levels and bias summary
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 



