FxWirePro- GBPJPY Daily Outlook
GBPJPY showed a nice pullback after a minor sell-off on the weak yen. It hits a high of 164.55 and is currently trading around 164.47.
GBPUSD- Trend- Bearish
The pound sterling recovered above 1.2300 on risk averse. Markets eye UK final PMI and US ISM manufacturing PMI for further direction. Any close above 1.2340 will pull the pair to 1.24000/1.2450.
USDJPY- Bullish
The pair hits a two-week high as risk appetite improves. Major resistance is 133.80/134.50.
GBPJPY analysis-
The near-term support is around 163.70, a breach below the targets of 163/161.70. The immediate resistance is at 165, any violation above will take the pair to 165.46/166.20/167/168/169.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- bullish
It is good to buy on dips around 163.70 with SL around 163 for a TP of 166.20.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro- Woodies pivot (Major)
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: GBP/NZD gains some ground but outlook is bearish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 



