FxWirePro- GBPJPY Daily Outlook
GBPJPY showed a minor profit booking after surging more than 350 pips the previous week. It hits a high of 172.50 yesterday and is currently trading around 171.67.
GBPUSD- Trend- Bearish
The pound sterling gained slightly after the Fed chairman hints at a rate pause. Markets eye for US President Biden and McCarthy to meet at the White House on Monday. Any break above 1.2485 confirms further bullishness.
USDJPY- Bullish
The pair pared some of its gains after hitting six months high. Significant resistance is 139/140.
GBPJPY analysis-
The near-term support is around 171, a breach below the targets of 170/169.30/168.80. The immediate resistance is at 172.50, any violation above will take the pair to 175.
Indicators (4-hour chart)
CCI (50)- neutral
ADX- Neutral
It is good to buy on dips around 170 with SL around 169.30 for a TP of 172.40.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro- Woodies pivot (Major) 



