GBPJPY hits a fresh six-month high on a weak yen. It hits a high of 172.62 yesterday and is currently trading around 172.06.
GBPUSD- Trend- Bearish
The pound sterling is under pressure on board-based US dollar buying. Markets eye UK Flash Manufacturing, services PMI, and Bailey testimony for further direction. Any break above 1.2485 confirms further bullishness.
USDJPY- Bullish
The pair breaks the previous week's high on surging US treasury yield. Significant resistance is 139/140.
GBPJPY analysis-
The near-term support is around 171.50, a breach below the targets of 171/170/169.30/168.80. The immediate resistance is at 172.65, any violation above will take the pair to 175.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 171.50 with SL around 170.80 for a TP of 173.


FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/ZAR edges higher but bearish outlook persists
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 



