JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
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 
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/CNY edges higher but bulls lack punch 
FxWirePro:USD/JPY hovers near a four-decade low 
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
FxWirePro: USD/CAD edges lower but bullish outlook persists 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 
FxWirePro- Major Pair levels and bias summary 
GBPJPY consolidates in a narrow range between 165.04 and 166.38 for the past two days. The pound sterling recovered above 1.1900 ahead of the UK budget. Any close above 1.1950 confirms further bullishness; a jump to 1.2000/1.2100 is possible. Technically in the 1-hour chart, GBPJPY holds above 21-EMA, 55- EMA, and long-term 200 EMA (166.19). Any convincing hourly close above 166.30 will take to the next level 166.75/167.61/168.50. GBPJPY hits an intraday high of 166.28 and is currently trading around 166.08.
The near-term support is around 165, a breach below targets 164.40/163.65/163.
Indicators (1-hour chart)
CCI (50) – Bullish
ADX- Neutral
It is good to buy above 166.30 with SL 165.55 for a TP of 168.
