NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro-Major European Indices 
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout 
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision 
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 
FxWirePro: EUR/NZD steadies ahead of ECB meeting 
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish 
FxWirePro: EUR/NZD edges lower but bullish outlook persists 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro- Woodies Pivot(Major) 
GBPJPY consolidating in a narrow range between 163.56 and 160.80 for the past five days. The pound sterling declined sharply on board-based US dollar buying. The S&P Global/CIPS flash manufacturing PMI dropped to 46 in Aug compared to a forecast of 51.1. Investors expect the Bank Of England to double its interest rates by May as inflation hits 40-year high. Technically in the 4-hour chart, the pair is holding below short-term 21-EMA, 55 EMA, and below long-term 200 EMA (162.78). Any violation below 160.80 takes to the next level 160//159/158.GBPJPY hits an intraday high of 161.80 and is currently trading around 161.34.
The near-term resistance is around 162, a breach above targets 162.50/163/ 164.
Indicators (4-hour chart)
CCI (50) – Bearish
ADX- Neutral
It is good to sell on rallies around 161.75-80 with SL around 162.50 for TP of 159.
