GBPJPY trades in a narrow range between 166.98 and 166.01 for the past two days. It hits an intraday high of 166.98 and is currently trading around 166.88.
GBPUSD- Trend- Bullish
The pound sterling is trading cautiously ahead of US GDP data.US durable goods orders jumped 3.2% last month, well above the estimate of 0.70%. "Excluding transportation, new orders increased by 0.3%,"
Market eyes US Advance GDP and US initial jobless claims for further direction. Any close above 1.2500 will take the pair to 1.2580/1.2650.
USDJPY- Bullish
The pair showed a minor pullback on strong US treasury yields. Significant resistance is 135.25/136.
GBPJPY analysis-
The near-term support is around 166, a breach below the targets of 165.40/165/164. The immediate resistance is at 167, any violation above will take the pair to 170.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Neutral
It is good to buy on dips around 166 with SL around 165 for a TP of 170.


EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD gains some ground but outlook is bearish
Crypto Bias Report: Trend Signals and Top Bullish Picks
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral 



