GBPJPY recovered massively due to the weak yen. It hits a high of 163.68 and is currently trading around 163.24.
GBPUSD- Trend- Bearish
The pound sterling pared some of its gains on the US dollar pullback. Markets eye US Final GDP data for further direction. Any close above 1.23620 will pull the pair to 1.2400.
USDJPY- Bullish
The pair was one of the best performers this week and surged more than 200 pips yesterday on board-based US dollar selling. Major resistance is 133/134.50.
GBPJPY analysis-
The near-term support is around 162.40, a breach below the targets of 161.70/160.70/159.75/158.95/158.50. The immediate resistance is at 163.70, any violation above will take the pair to 164.25/165/166.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- bullish
It is good to buy on dips of 162.70 with SL around 161.70 for a TP of 165.


FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Pair levels and bias summary 



