GBPJPY showed a minor pullback after a decline of more than 250 pips. It hit a high of 182.58 yesterday and is currently trading at around 182.035.
GBPUSD- Trend- Bearish
The pound sterling recovered slightly despite upbeat US GDP data. US GDP grew at an annualized rate of 4.9% in the third quarter, compared to a forecast of 4.50%. US durable goods orders rose 4.7% m/m due to a surge in aircraft sales vs an Estimate of 1.9%. Any close above 1.2150 confirms further bullishness.
USDJPY- Bullish
The pair declined more than 50 pips after a multi month high ahead of US PCE data. The significant resistance is 151/152.
GBPJPY analysis-
The near-term resistance is around 182.75, a breach above targets 183.25/184/184.60/185/186. The immediate support is at 181.40, any violation below will drag the pair to 180.70/178/176.50.
Indicators (4-hour chart)
CCI (50)- Neutral
ADX- bearish
It is good to sell on rallies around 182.25-30 with SL around 183 for the TP of 178/176.50.


NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: USD/ZAR edges lower ,investors remain on edge
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: USD/ZAR recovers slightly but trend is still bearish 



