FxWirePro- GBPJPY Daily Outlook
GBPJPY pared most of its gains made this week on the weak pound sterling. It hits a low of 172.85 and is currently trading around 173.46.
GBPUSD- Trend- Bearish
The pound sterling recovered after poor US economic data. US ISM services PMI came at 50.30 in May, below the estimate of 52.60. Any break below 1.2360 confirms further bearishness.
USDJPY- Bullish
The pair trades lower in hopes of a rate pause by the Fed. Significant resistance is 141/142.
GBPJPY analysis-
The near-term support is around 172.50, a breach below targets 171.80/171/170. The immediate resistance is at 175, any violation above will take the pair to 176/177.
Indicators (4-hour chart)
CCI (50)- Neutral
ADX- Neutral
It is good to sell on rallies around 174.25-30 with SL around 176 for a TP of 172.50.


FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: NZD/USD downside pressure builds, key support level in focus
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206 



