GBPJPY hits a six-week high on a weak yen. It hit a high of 184.29 yesterday and is currently trading at around 183.744.
GBPUSD- Trend- Bearish
The pound sterling trades flat ahead of US Fed monetary policy. Any dovish rate pause will push the pair higher to 1.2200. US CB consumer confidence declined to 102.60 in Oct, compared to a forecast of 100.50. Chicago PMI dropped to 44vs. 45 forecast. Any close above 1.2165 confirms further bullishness.
USDJPY- Bullish
The pair recovered sharply ahead of US Fed monetary policy. The significant resistance is 152/153.
GBPJPY analysis-
The near-term resistance is around 184.50, a breach above targets 185/186. The immediate support is at 183.40, any violation below will drag the pair to 182.80/182.50.
Indicators (4-hour chart)
CCI (50)- Neutral
ADX- bearish
It is good to buy at dips around 183.55-60 with SL around 183 for the TP of 185.


FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
FxWirePro: USD/CNY edges higher but bulls lack punch
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside 



