Candlestick pattern- Shooting star
GBPJPY pared some of its gains on the weak Pound sterling. It hit an intraday low of 172.61 and is currently trading around 172.728.
GBPUSD- Trend- Bearish
The pound sterling declined more than 50 pips from a minor top of 1.24450 on board-based US dollar buying. Markets eye the US House of Representatives vote on the US debt deal for further direction. Any break below 1.2300 confirms further bearishness.
USDJPY- Bullish
The pair trades below 140 on declining US treasury yield. Significant resistance is 141/142.
GBPJPY analysis-
The near-term support is around 172.50, a breach below targets 171.60/170/169.30. The immediate resistance is at 174, any violation above will take the pair to 175/176.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Neutral
It is good to buy on dips around 172.50 with SL around 171.60 for a TP of 175.


FxWirePro- Woodies pivot (Major)
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/NZD gains some ground but outlook is bearish
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD edges lower but bullish outlook persists
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 



