GBPJPY is trading higher for the second consecutive day on a weak yen. It hits an intraday high of 169.79 and is currently trading around 169.73.
GBPUSD- Trend- Bearish
The pound sterling pared its gains on board-based US dollar buying. The less hawkish rate hike by BOE on Thursday put pressure on the Pound sterling at higher levels. Markets eye uk Claimant count change data tomorrow for further direction. Any break below 1.2430 confirms further bearishness.
USDJPY- Bullish
The pair gained sharply on the dovish Bank of Japan outlook and bullish equity markets. Significant resistance is 138/140.
GBPJPY analysis-
The near-term support is around 169.30, a breach below the targets of 168.80/168. The immediate resistance is at 170, any violation above will take the pair to 171.20/172.50/175.
Indicators (4-hour chart)
CCI (50)- Bearish
ADX- Neutral
It is good to buy on dips around 169.15-20 with SL around 168.80 for a TP of 172.


NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro- Major Pair levels and bias summary
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: GBP/AUD bears maintain upper hand
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD under pressure as pound continues to weaken 



