FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting 
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level 
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments 
FxWirePro: EUR/NZD edges lower but bullish outlook persists 
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 
FxWirePro: NZD/USD downside pressure builds, key support level in focus 
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook 
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data 
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance 
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance 
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
GBPJPY has formed double bottom around 163 and showed a nice pullback. The pair was the worst performer the previous week and lost 300 pips on a strong yen. The recovery in Pound sterling on board-based US dollar selling prevented the GBPJPY from further sell-off. Any break above 1.2050 confirms further bullishness. Technically in the 4-hour chart, the pair is holding below short-term 21-EMA, 55 EMA, and above long-term 200 EMA (164.05). Any breach below 164.48 will drag the pair to the next level to 163.80/163/161.80/160. GBPJPY hits an intraday high of 164.82 and is currently trading around 164.78.
The near-term resistance is around 165, any breach above targets 166.20/167.
Indicators (4-hour chart)
CCI (50) - Bearish
ADX- Neutral
It is good to buy on dips around 164.50 with SL around 163.80 for TP of 166.20.
