GBPJPY pared some of its gains on the strong yen. It hit a high of 181.04 yesterday and is currently trading at around 181.25.
GBPUSD- Trend- Bearish
The pound sterling has traded in a narrow range between 1.21622 and 1.20693 for the past three days. The annual Core PCE index rose 3.7% from 3.8% the previous month. The PCE price index rose 0.30% m/m in line with the estimate. UoM consumer sentiment revised to 63.8 vs. 63 expected. Any close above 1.2165 confirms further bullishness.
USDJPY- Bullish
The pair declined below the 150 level amid a mixed US PCE index. The significant resistance is 151/152.
GBPJPY analysis-
The near-term resistance is around 182, a breach above targets 182.75/183.25/184/184.60/185/186. The immediate support is at 181, 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 181.55-60 with SL around 182.30 for the TP of 178/176.50.


FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: AUD/USD retreats slightly but trend is still bullish
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: GBP/AUD gains some upside momentum but still bearish 



