GBPJPY surged nearly 250 pips this week on the weak Yen. It hits an intraday high of 169.19 and is currently trading around 168.91.
GBPUSD- Trend- Neutral
The cable showed a minor pullback ahead of UK employment data. The UK economy recession fears preventing the pound at higher levels. Any close above 1.23105 (55-W EMA) confirms further bullishness.
USDJPY- Bearish
The pair traded higher for the second consecutive day on surging US 10-year bond yield. The policy divergence between BOJ and Fed put pressure on the yen. Any close above 138 in the 4-hour chart confirms further bullishness. Minor support is 136/134.
GBPJPY analysis-
The near-term support is around 168, a breach below targets 167/165.95/164/163. The immediate resistance is around 169.20, a jump above will take the pair to 170/172.
Indicators (4-hour chart)
CCI (50) – Bullish
ADX- Bullish
It is good to buy on dips around 168 with SL 167 for a TP of 172.


FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro- Major European Indices
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
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: EUR/NZD edges lower but bullish outlook persists
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 



