GBPJPY recovered more than 150 pips on the weak yen. It hits an intraday high of 165.65 and is currently trading around 165.47.
GBPUSD- Trend- Bearish
The pound sterling halted its three days losing streak and showed a minor pullback. Any close below 1.2380 will drag the pair to 1.2340/1.2300.
USDJPY- Bullish
The pair regained above 133.55 on weak US bond yields. Major resistance is 133.80/135.
GBPJPY analysis-
The near-term support is around 164.70, a breach below the targets of 163.69/163. The immediate resistance is at 166.40, any violation above will take the pair to 167/168.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Neutral
It is good to buy on dips around 164.60 with SL around 163.80 for a TP of 166.40.


FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD under pressure as pound continues to weaken
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 



