GBPJPY showed a nice pullback after a minor sell-off on the weak yen. It hits a high of 164.75 and is currently trading around 164.281.
GBPUSD- Trend- Bearish
The pound sterling pared its gains and lost more than 100 pips on US dollar strength. Markets not showing much momentum on the Easter holiday. Any close below 1.2380 will drag the pair to 1.2340/1.2300.
USDJPY- Bullish
The pair regained above the 132 level on declining US bond yield. Major resistance is 132.80/133.80.
GBPJPY analysis-
The near-term support is around 164, a breach below the targets of 163.69/163. The immediate resistance is at 165, any violation above will take the pair to 165.46/166.20/167/168/169.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Neutral
It is good to buy on dips around 163.70 with SL around 163 for a TP of 166.20.


FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro- Woodies Pivot(Major)
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: GBP/USD dips lower on negative UK retail sales data
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro- Major Pair levels and bias summary 



