GBPJPY was one of the best performers this week and jumped more than 500 pips on the weak yen. It hits a high of 165.67 and is currently trading around 164.54.
GBPUSD- Trend- Bearish
The pound sterling is trading slightly lower despite upbeat UK GDP data. UK GDP grew by 0.10% in the final three months of 2022, slightly above the estimate of 0.0%. Markets eye US core PCE and Chicago PMI for further direction. Any close above 1.2450 will pull the pair to 1.2500.
USDJPY- Bullish
The pair hits a week high on easing the banking crisis. Major resistance is 133/134.50.
GBPJPY analysis-
The near-term support is around 164, a breach below the targets of 163/161.70. The immediate resistance is at 166, any violation above will take the pair to 167/168/169.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- bullish
It is good to buy above 166 with SL around 164.80 for a TP of 169.


FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/USD dips lower on negative UK retail sales data
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices 



