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AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 
GBPJPY pared some of its gains made yesterday on the weak pound sterling. Markets eye UK CPI data today for further movements. Technically in the 4-hour chart, the pair is holding above short-term (21- and 55 EMA) and long-term 200 EMA (163.13). Any break below 166.20 will drag the pair down to 165.65/164.40. GBPJPY hits an intraday low of 166.49 and is currently trading around 166.79.
The near-term resistance is around 167, any breach above targets 168/168.75.
Indicators (Hourly chart)
CCI (50)- Bullish
ADX- Neutral
It is good to buy on dips around 166 with SL around 165 for TP of 168.
