GBPJPY declined more than 300 pips on a strong yen. It gained sharply against the US dollar after as BOJ plans to intervene to prevent yen appreciation. The yen pared some of its gains after a record trade deficit on rising energy imports. Technically 4-hour chart, holds below short-term 21-EMA, above 55 EMA, and long-term 200 EMA (163.49). Any decline below 164.75 will take the pair to the next level 164.30/163. GBPJPY hits an intraday high of 165.45 and is currently trading around 165.32.
The near-term resistance is around 165.60, a breach above targets 166.35/167/168/168.70.
Indicators (4-hour chart)
CCI (50) – Bullish
ADX- Neutral
It is good to sell on rallies around 165.95-66 with SL around 167 for TP of 164.50.


FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: USD/CAD edges lower but bullish outlook persists
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound 



