GBPJPY pared some of its gains after the BOE monetary policy. It hit a high of 183.70 yesterday and is currently trading at around 183.40.
GBPUSD- Trend- Bearish
The pound sterling trades flat despite a hawkish rate pause. The central bank has kept its rates unchanged at 5.25%. The BOE's members divided 6-3, with Megan Greene, Jonathan Haskel, and Catherine Mann opting for a 25 basis points increase. The central bank lowered inflation from 0.90% to 0.60% in Q4 2023. Any close above 1.2200 confirms further bullishness.
USDJPY- Bullish
The pair trades in a narrow range ahead of the US Nonfarm payroll. The significant resistance is 152/153.
GBPJPY analysis-
The near-term resistance is around 184.50, a breach above targets 185/186. The immediate support is at 182.80, any violation below will drag the pair to 182/181.40/180.70.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Neutral
It is good to buy at dips around 183 with SL around 182.40 for the TP of 185.


BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
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: EUR/NZD uptrend loses steam but outlook still bullish 



