GBPJPY recovered sharply on the weak yen. It hit a high of 182.62 at the time of writing and is currently trading at around 182.58.
GBPUSD- Trend- Bearish
The pound sterling is consolidating in a narrow range between 1.21622 and 1.20693 for the past three days. The improvement in risk appetite has pushed pound sterling prices slightly higher. Market eyes developments in the Middle East for further direction. Any close above 1.2200 confirms further bullishness.
USDJPY- Bullish
The pair jumped above the 150 level after the dovish BOJ monetary policy. 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 182, any violation below will drag the pair to 181.40/180.70/178/176.50.
Indicators (4-hour chart)
CCI (50)- Neutral
ADX- bearish
It is good to buy on dips around 181.55-60 with SL around 180.70 for the TP of 185.


FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Major Crypto levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 



