FxWirePro: USD/JPY uptrend loses steam, remains on bullish path 
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FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 
• GBP/USD hit fourteen month low on Thursday as sterling came under pressure from a selloff in global bonds that has hit gilts especially hard.
• Global bond yields surged this week amid concerns over rising inflation, diminished prospects for rate cuts, uncertainty around U.S. President-elect Donald Trump's policies, and the potential for trillions in additional debt.
• Sterling was down 0.66% against dollar at $1.2278, after hitting its lowest level since November 2023 earlier in the day.
• Immediate resistance is located at 1.2363(50%fib), any close above will push the pair towards 1.2431(Jan 3rd high)
• Strong support is seen at 1.2256(38.2%fib) and break below could take the pair towards 1.2122(23.6%fib).
Recommendation: Good to sell around 1.2320, with stop loss of 1.2450 and target price of 1.2230
