FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
Crypto Bias Report: Trend Signals and Top Bullish Picks 
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment 
FxWirePro: USD/CAD edges lower but bullish outlook persists 
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro:USD/JPY hovers near a four-decade low 
FxWirePro :USD/JPY eases slightly, remains on bullish path 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound 
FxWirePro: GBP/AUD bears maintain upper hand 
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
GBPJPY was one of the worst performers yesterday and lost more than 500 pips on a strong yen. The yen regained sharply against the US dollar as BOJ was willing to intervene in the fx market. The pound sterling also lost its shine and hits the lowest level since 1985 on board-based US dollar buying. Technically daily chart holds below short-term 55-EMA, 21 EMA, and long-term 200 EMA (160.35). Any convincing break below 158 will take the pair to the next level 155.60/154. GBPJPY hits an intraday low of 158.85 and is currently trading around 158.98.
The near-term resistance is around 160, a breach above targets 161.49/162.50.
Indicators (Daily chart)
CCI (50) – Bearish
ADX- Bearish
It is good to sell on rallies around 160 with SL around 161 for TP of 157.98.
