GBPJPY holds above 172.50 on the strong pound sterling. It hits an intraday high of 172.79 and is currently trading around 172.732.
GBPUSD- Trend- Neutral
The pound sterling gained above 1.24500 on upbeat UK CPI data. UK annual inflation jumps to 6.8%, the highest since Mar 1992. Core CPI m/m came at 1.30% vs 0.70% expected. Any break above 1.2485 confirms further bullishness.
USDJPY- Bullish
The pair pared some of its gains after hitting six months high on the US debt deal delay. Significant resistance is 139/140.
GBPJPY analysis-
The near-term support is around 171.50, a breach below the targets of 170/169.30/168.80. The immediate resistance is at 172.50, 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 172 with SL around 171 for a TP of 174


FxWirePro: USD/ZAR edges higher but bearish outlook persists
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major European Indices
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 



