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FxWirePro: GBP/AUD under pressure as pound continues to weaken 
GBPJPY continues to trade weak on the weak pound sterling. It has tumbled sharply against the USD and hit the lowest level since Jun 2020 on risk-aversion. China's strict COVID restrictions and sanctions against Russia have increased demand for safe-haven assets like the US dollar. Any breach below 1.2250 confirms further bearishness. GBPJPY hits a low of 160.77 and is currently trading around 160.88.
USDJPY
USDJPY edges towards a two-decade high made ten days before on surging US bond yields. The intraday weakness is only below 128.50.
Technicals:
On the lower side, immediate support is around 160, breach below will drag the pair to the next level to 159/158. The minor resistance to be watched is around 162, a break above that level confirms intraday bullishness, and a jump to 162.85/164.25 is possible.
It is good to sell on rallies around 161.55-60 with SL around 163 for the TP of 159/156.
