GBPJPY gained sharply on the weak yen. The major sell-off in Pound sterling is preventing the pair from further upside. The board-based US dollar buying on hawkish Fed meeting minutes is dragging GBPUSD further down. Any close below 1.3000 confirms further bearishness. GBPJPY hits an intraday high of 162.81 and is currently trading around 162.68.
USDJPY
USDJPY trades higher for the fourth consecutive day on surging US treasury yield. Any bullish continuation only if it breaks 125.20.
Technicals:
On the lower side, immediate support is around 162, breach below will drag the pair to the next level to 161.40/160.50/159.70/159. The minor resistance to be watched is around 163, a break above that level confirms intraday bullishness, and a jump to 164 is possible.
It is good to buy on dips around 162 with SL around 161 for the TP of 164.


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
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 



