GBPJPY showed a massive sell-off of more than 700 pips on the strong yen. It hit a low of 178.53 yesterday. It is currently trading at around 181.17.
GBPUSD- Trend- Bullish
The pound sterling is trading flat ahead of the US Nonfarm payroll. The number of people who have filed for unemployment benefits rose by 1000 to 220K for the week ending Dec 2, compared to a forecast of 221 K. Any close below 1.2500 confirms further bearishness.
USDJPY- Bearish
The pair lost its momentum in hopes of a rate hike by BOJ in 2024. The significant support is 141.50/140.
GBPJPY
The near-term resistance is around 181.50 a breach above targets 183/184. The immediate support is at 178, any violation below will drag the pair to 176/175.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Bearish
It is good to sell on rallies around 182 with SL around 183 for the TP of 176.


FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major Pair levels and bias summary
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 



