GBPJPY jumped slightly after hitting a week low. It hit a low of 183.05 yesterday and is currently trading around 183.737.
GBPUSD- Trend- Bearish
The pound sterling showed a dead cat bounce after a month's sell-off. The correction in the US dollar was mainly due to a 2% decline in US treasury yields despite upbeat US jobless data. The number of people who have filed for unemployment benefits has dropped by 13000 to 216000 in the week ended Sep 2, compared to a forecast of 232000. Any break below 1.2460 confirms further bearishness.
USDJPY- Bullish
The pair trades higher on dismal Japanese GDP data. The significant resistance is 148/150.
GBPJPY analysis-
The near-term resistance is around 184.20, a breach above targets 185/186/186.50/187/188.50. The immediate support is at 183, any violation below will drag the pair to 182/180.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- bearish
It is good to buy on dips around 183.45-50 with SL around 183 for the TP of 186.65.


FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Pair levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 



