GBPJPY declined more than 300 pips on a strong yen. It gained sharply against the US dollar after as BOJ plans to intervene to prevent yen appreciation. The yen pared some of its gains after a record trade deficit on rising energy imports. Technically 4-hour chart, holds below short-term 21-EMA, above 55 EMA, and long-term 200 EMA (163.49). Any decline below 164.75 will take the pair to the next level 164.30/163. GBPJPY hits an intraday high of 165.45 and is currently trading around 165.32.
The near-term resistance is around 165.60, a breach above targets 166.35/167/168/168.70.
Indicators (4-hour chart)
CCI (50) – Bullish
ADX- Neutral
It is good to sell on rallies around 165.95-66 with SL around 167 for TP of 164.50.


FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
FxWirePro- Major European Indices
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 



