FxWirepro- GBPJPY Daily Outlook

    
GBPJPY pared some of its gains on the weak Pound sterling. It hit a high of 185.95 and is currently trading at around 184.91.

 GBPUSD- Trend- Neutral

The pound sterling is trading weak for a second consecutive day on board-based US dollar buying. Markets eye the US Fed chairman and BOE Governor's speech today for further movement. The failure of the cease-fire agreement between Israel and Hamas has decreased demand for riskier assets. Any close above 1.24200 confirms further bullishness.
 

USDJPY- Bullish

 The pair recovered above the 150.50 level despite hawkish comments from BOJ Ueda.  The significant resistance is 152/153.
     
 GBPJPY analysis-
 
 The near-term resistance is around 186, a breach above targets 186.75/188.45 The immediate support is at 184.95, any violation below will drag the pair to 184.25/183.60/.
 
  Indicators (4-hour chart)
 
  CCI (50)- Bullish
 
  ADX- Bullish
 
  It is good to buy at dips around 184.75-80 with SL around 184.20 for the TP of 188.