Major Intraday resistance -150.35
Intraday support- 149
GBPJPY is trading weak for the fourth consecutive day and lost more than 200 Pips on board-based Pound sterling selling. The pound sterling was one of the worst performers this week against the US dollar on the petrol crisis in the UK. GBPUSD hits a multi-month low of 1.3415 despite better than expected UK GPD data. It came at 5.5% for the second quarter against the forecast of 4.8%.GPJPY hits an intraday low of 149.22 and is currently trading around 1. The intraday trend of GBPJPY is bearish as long as resistance 151 holds.
USDJPY- Analysis
The pair declined after hitting a multi-year high at 112.06. It should close above 112.25 for major bullishness.
CCI Analysis-
The CCI (50) and Woodies CCI are trading below zero lines in 60 min chart. So the trend for the intraday is bearish.
Technical:
The pair's immediate resistance is around 150.35, any surge above targets 150.75/ 151.30/151.80/152/152.60. Significant bullish continuation if it breaks 153.50. On the lower side, near-term support is around 149. Any indicative violation below targets 148.40/147.
Indicator (Hourly chart)
Directional movement index –bearish
It is good to sell on rallies around 149.75-80 SL around 150.45 for a TP of 148.


FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: GBP/AUD moves lower on weak UK data
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro- Major European Indices
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/CNY downside pressure builds, key support level In focus 



