FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro- Major European Indices 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro- Major Pair levels and bias summary 
GBP/JPY jumped sharply on weak yen. It hits an high of 191.72 yesterday and is currently trading around 190.967. Intraday trend is bullish as long as support 190 holds.
UK retail sales volumes increased in March 2025 by 0.4% from the previous month, the third successive monthly rise, with growth in the quarter of 1.6%, the strongest since July 2021. Sales year-on-year were 2.6% higher as a result of a 3.7% increase in sales of clothing and footwear as a consequence of unseasonably mild weather, and a 1.7% increase in non-food stores. Sales in food stores fell by 1.3%. While the economy started 2025 on a high, economists are also cautious as consumer confidence fell in April following record energy bills for families and trade tensions and as big retailers such as Tesco and Sainsbury's predicted subdued profit growth. Retailing added 0.08 percentage points to economic output, and issues of longevity around it in the context of external economic pressures.
The GBP/JPY pair is trading above 34 and 55 EMA (Short-term) and below 200 EMA (long term on the 4-hour chart, confirms a mixed trend. Immediate resistance is at 190.30,a breach above this level targets of 191/191.75/192.30/193. Downside support is at 190 with additional levels a 189.46/188/187.46/187.10/186.45.
Market Indicators
CCI (50)- Bullish
Directional movement index - Bullish
Trading Strategy: Buy on dips
It Is good to buy on dips around 190 with SL around 189 for a TP of 192.
