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FxWirepro- GBPJPY Daily Outlook

GBPJPY pared some of its gains amid geopolitical tension. It hit a high of 182.97 and is currently trading at around 181.94.

 

 GBPUSD- Trend- Bearish

 

The pound sterling lost its shine after Hamas's surprise strike in Israel.  The US economy has added 336000 jobs in Sep, compared to a forecast of 170000. The unemployment rate surged to 3.8% vs. an estimated 3.70%. Any close above 1.2260 confirms further bullishness.

 

 

USDJPY- Bullish

 

 The pair pared some of its gains on safe-haven demand. The significant resistance is 150/152.

 

 GBPJPY analysis-

 

 The near-term resistance is around 182, a breach above targets 183/183.35/183.85/184.60/185. The immediate support is at 180.70, any violation below will drag the pair to 180/178/176.50.

 

  Indicators (4-hour chart)

 

  CCI (50)- Bearish

 

  ADX- Neutral

 

  It is good to sell on rallies around 182 with SL around 183 for the TP of 178/176.50.

 

 

 

 

 

 

 

 

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