GBPJPY trades higher for a third consecutive day on a weak yen. It hits an intraday high of 166.93 and is currently trading around 166.90.
GBPUSD- Trend- Bearish
The pound sterling gained sharply after UK CPI. The annualized CPI declined to 10.1% in Mar, compared to a forecast of 9.8%. Any close above 1.2500 will take the pair to 1.2550/1.2580.
USDJPY- Bullish
The pair gained on hawkish-fed bets. Major support is 133.69/132.77.
GBPJPY analysis-
The near-term support is around 166, a breach below the targets of 165.35/164. The immediate resistance is at 166.60, any violation above will take the pair to 167.25/168.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 167 with SL around 166 for a TP of 170.


FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro- Woodies pivot (Major)
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro- Major Crypto levels and bias summary
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: USD/CAD edges lower but bullish outlook persists
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 



