FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
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: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major European Indices 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
Short-term resistance - 161
Intraday Support- 159
GBPJPY was one of the best performers this week and surged more than 400 pips on weak yen. The pound sterling regains 1.3200 and markets eye UK retail sales for further direction. Any breach above 1.3300 confirms further bullishness. The intraday trend of GBPJPY is bullish as long as support 159 holds. GBPJPY hits an intraday high of 161.49 and is currently trading around 160.54.
USDJPY- Analysis
The pair declined from a seven-year high of 122.43 on profit booking. A dip to 120 is possible.
CCI Analysis-
The CCI (50) is above zero level in the 4-hour chart. The directional movement index shows a bullish trend. It confirms the short-term trend is bullish.
Technical:
The immediate resistance is around 161, any break above targets 163.80/165. On the lower side, near-term support is at 158.70. Any indicative violation below targets 158/157.75.
It is good to buy on dips around 160.55-60 with SL around 159.80 for a TP of 164.
