GBPJPY trades higher on the weak yen. It hits a high of 162.17 and is currently trading around 161.66.
GBPUSD- Trend- Bearish
The pound sterling showed a minor decline despite mixed UK jobs data. UK claimant count change came in at -12.90K in Jan. UK wage inflation excluding bonus jumped by 6.7% YoY in Dec vs. 6.5% expected. Any daily close above 1.2270 will take the pair to 1.2350.
USDJPY- Bearish
The pair surged after upbeat US CPI data. CPI for Jan came at 6.4% YOY, above the estimate of 6.2%. It has declined for the seventh consecutive month after peaking at 9.1% in Jun 2022. Major support is 130/129.
GBPJPY analysis-
The near-term support is around 161.20, a breach below targets of 160/159/158/156.70/155.60/155. The immediate resistance is at 162.20, any violation above will take the pair to 163/165.
Indicators (4-hour chart)
CCI (50) –bullish
ADX- Neutral
It is good to buy on dips around 161 with SL around 160 for a TP of 163.


BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro- Major Crypto levels and bias summary
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: USD/CAD recovers slightly but trend is still bearish
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision 



