GBPJPY has formed almost a triple top around 168.60-72 and showed a minor sell. Technically in 15 min chart, the pair is holding below short term (21- and 55 EMA) and 200 MA (167.83). Any break below 167.30 will drag the pair down to 166.69/165.80. GBPJPY hits an intraday low of 167.49 and is currently trading around 167.496.
The near-term resistance is around 168.05, any breach above targets 168.75/ 170/172.
Indicators (15 min chart)
CCI (50)- Bearish
ADX- Neutral
It is good to sell on rallies around 167.90-95 with SL around 168.50 for TP of 166.70/166.


FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD steadies ahead of ECB meeting
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Major Crypto levels and bias summary 



