Short-term resistance -150.85
Intraday support- 149
GBPJPY continues to trade weak for the past seven weeks on the weak Pound sterling. GBPUSD was one of the worst performers the previous week on Brexit uncertainties and hawkish Fed Chairman comments. Any breach below 1.3180 confirms bearish continuation. The intraday trend of GBPJPY is bearish as long as resistance 150.80 holds. It hits an intraday high of 149.67 and is currently trading around 149.609.
USDJPY- Analysis
The pair pared some of its loss made the previous week on improvement in risk sentiment. Any weakness only if it breaks 112.50.
CCI Analysis-
The CCI (50) and Woodies CCI are holding below zero level in the 4- hour chart. It confirms a major bearish trend.
Technical:
The immediate resistance is around 150, any break above targets 150.80/151.50/152/152.50. Significant bullish continuation if it breaks 158.50. On the lower side, near-term support is around 148.90. Any indicative violation below targets 148/147.25.
Indicator (Weekly chart)
Directional movement index –Bearish
It is good to sell on rallies around 150.75-80 with SL around 152 for a TP of 148.


BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary 



