GBPJPY trades above 185.50 ahead of UK PMI data. It hit an intraday high of 185.77 and is currently trading around 185.80.
GBPUSD- Trend- Bearish
The pound sterling consolidating between 1.27874 and 1.2691 for the past four days. Any upbeat UK flash manufacturing PMI will increase the chance of a rate hike by the Bank of England. Markets eye US Flash manufacturing and services PMI, new home sales data for further movement. Any break above 1.2800 confirms further bullishness.
USDJPY- Neutral
The pair declined slightly on upbeat Japan PMI. The significant resistance is 146.60/148.
GBPJPY analysis-
The near-term resistance is around 186.60, a breach above targets 187/188.50/190. The immediate support is at 185.35, any violation below will drag the pair to 184.80/184.30/183.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- neutral
It is good to stay away


FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Woodies Pivot(Major)
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major European Indices
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major Crypto levels and bias summary
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 



