Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro: AUD/USD hovers near three –month high, scope for further upside 
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout 
FxWirePro: GBP/AUD recovers slightly but bears are not done yet 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support 
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: EUR/AUD moves higher following downbeat Australian jobs report 
FxWirePro- Major Pair levels and bias summary 
GBPJPY recovered sharply after hitting a minor bottom of 164.86. The pound sterling surged against all majors on optimism about political development in the UK. The market mood got elevated in the UK after the election of New PM Rishi Sunak will bring stability to the UK economy. Any close above 1.13255 confirms intraday bullishness, a jump to 1.1400 is possible. Technically in the 4-hour chart, GBPJPY holds above short-term 21-EMA, 55- EMA, and long-term 200 EMA (164.14). Any convincing break above 170 will take the pair to the next level 172/175. GBPJPY hits an intraday low of 169.32 and is currently trading around 168.896.
The near-term support is around 167.40, a breach below targets 166/165.
Indicators (4-hour chart)
CCI (50) – Bullish
ADX- bullish
It is good to buy on dips around 167 with SL around 166 for a TP of 172.
