GBPJPY jumped more than 150 pips yesterday on a strong pullback in the Pound sterling. It hits a high of 164.624 at the time of writing and is currently trading around 164.627.
GBPUSD- Trend- Bullish
The pound sterling recovered above 1.2000 levels after UK PM and European Commission President announced new post-Brexit trade rules for North Ireland. The hopes of further rate hikes by the BOE also support GBP at lower levels. Any close above 1.2070 will push the GBPUSD higher to 1.2150.
USDJPY- Bullish
The pair trades above 136.5 on dovish comments from the Bank of Japan. Major resistance is 137.15/138.
GBPJPY analysis-
The near-term support is around 163.70, a breach below targets of 163/162.50/161. The immediate resistance is at 164.50, any violation above will take the pair to 165/166/167.01.
Indicators (4-hour chart)
CCI (50) –Bullish
ADX- Bullish
It is good to buy on dips around 164.35-40 with SL around 163.70 for a TP of 166/167.


NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 



