Major Intraday resistance -153.75
Intraday support- 152.50
GBPJPY is trading in a narrow range between 152.72 and 153.64 for the past four days. The pair has formed a double bottom around 152.72 and shown a minor pullback. The pound sterling has halted its three days of a bullish trend on Brexit uncertainty. Ireland is making contingency plans for the UK trade war with the EU is putting pressure on GBP at higher levels. The overall trend is still bearish as long as resistance 155 holds. It hits an intraday high of 153.36 and is currently trading around 153.27. Markets eye UK prelim GDP for further direction.
.
USDJPY- Analysis
The pair showed a minor pullback and markets eyes US CPI data. Any breach below 112.50 targets 112/111.
CCI Analysis-
The CCI (50) and Woodies CCI are holding below zero level in the 4-hour chart. This confirms the weak trend. Bearish trend confirmed.
Technical:
The immediate resistance is around 153.75, any break above targets 154.55/155. Significant bullish continuation if it breaks 158.50. On the lower side, near-term support is around 152.50. Any indicative violation below targets 152.18/151.60.
Indicator (4-Hour chart)
Directional movement index –Bearish
It is good to sell on rallies around 153.75-80 with SL around 154.50 for a TP of 151.


FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD moves lower on weak UK data
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major European Indices
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/USD dips lower on negative UK retail sales data 



